Fastenal Skates by Earnings Obstacles
Industrial and construction supplies wholesaler Fastenal (NASDAQ: FAST) saw its stock surge by 17% on Friday, after the release of its fiscal third-quarter 2019 results. The company's earnings exceeded investor expectations, and its year-over-year growth rate hit the high single digits. Importantly, the results also alleviated worries over the potential for trade tariffs to cut into the organization's profit margins.
As we review the quarter, note that all comparative numbers are presented against those of the prior-year quarter.
Data source: Fastenal.
Source Fool.com
