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Fastenal Co. (FAST) Is Losing Ground Following Q1 Report

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4/12/2012 10:46 AM ET

Fastenal Co. (FAST: Quote) reported first quarter EPS of $0.34 Thursday morning, compared to $0.27 in the prior year period. The consensus estimate was for EPS of $0.35.

Fastenal gapped open lower Thursday and has continued to decline in early trade. The stock is now down 1.59 at $48.04 on above average volume. Fastenal has been pulling back from the highs of the year for over a week and has set a 2-month low.

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by RTT Staff Writer

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