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Fastenal Co. (FAST) Dropped After Q4 Profit Met Expectations

Fastenal Co. (FAST) reported fourth quarter adjusted EPS of $0.45 Wednesday morning, which was in line with analysts' expectations.

Fastenal gapped open lower Wednesday and slid further around mid-morning. The stock ended the day with a loss of 3.24 at $52.20 with volume at a 3-month high. Fastenal dropped below a trading range at the highs of the year and set a month and a half low.

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