Fastenal's Q4 EPS to Be Below Expectations

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The U.S. fastener distributor- Fastenal days ago announced that the earnings per share in Q4 of the company will be lower than the expectations of the market analysts. Initially the operator of supplier stores of the construction companies and manufacturers expected that the earnings per share in Q4 of Fastenal would reach the highest point of 33 cents of last year, slightly lower than the consensus of 36 cents. Fastenal thinks that with the slow performance of related construction, military, and mining in the year end of 2012, the performance within the recent months has been also weakened and the cost for corporate operation was also increased by the growing number of employees and the sales drop in fasteners. According to these factors, the stock price of Fastenal dropped by 4.8% on Dec. 20, 2013.

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