www.thestreet.com/story/13034906/1/...c=yahoo&cm_ven=YAHOO
NEW YORK (TheStreet) -- Shares of Fastenal (FAST - Get Report) were falling 6.6% to $42.76 Wednesday after the industrial goods company missed analysts' estimates for revenue in the fourth quarter.
Fastenal reported revenue of $926.25 million for the fourth quarter, a 13.8% increase from the year-ago quarter, missing analysts' estimates of $935.84 million. The company reported earnings of 40 cents a share for the quarter, above analysts' estimates of 39 cents a share.
Gross profit percentage fell to 50.5% in the fourth quarter, down from 50.6% in the year-ago quarter, and 50.8% in the third quarter. Fastenal said that gross profit percentages historically fluctuate due to impacts related to transactional gross profit, organizational gross profit, and supplier incentive gross profit.
NEW YORK (TheStreet) -- Shares of Fastenal (FAST - Get Report) were falling 6.6% to $42.76 Wednesday after the industrial goods company missed analysts' estimates for revenue in the fourth quarter.
Fastenal reported revenue of $926.25 million for the fourth quarter, a 13.8% increase from the year-ago quarter, missing analysts' estimates of $935.84 million. The company reported earnings of 40 cents a share for the quarter, above analysts' estimates of 39 cents a share.
Gross profit percentage fell to 50.5% in the fourth quarter, down from 50.6% in the year-ago quarter, and 50.8% in the third quarter. Fastenal said that gross profit percentages historically fluctuate due to impacts related to transactional gross profit, organizational gross profit, and supplier incentive gross profit.