Fastenal (FAST - Get Report), a distributor of construction and building supplies, missed Wall Street earnings expectations for the second straight quarter, sending its share price down 6% Monday morning.The company, obviously hurt by the recession, blamed the poor results in particular on a continued falloff in its business with manufacturing companies.
Fastenal Still Slumping on Weak Demand
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.