NASDAQ:FAST - Nasdaq - US3119001044 - Common Stock
Discover the S&P500 stocks that are experiencing unusual trading volume in today's session. Find out more about these stocks below.
Before the opening bell on Friday, let's take a glimpse of the US markets and explore the S&P500 top gainers and losers in today's pre-market session.
Shares of the Winona, Minnesota-based company fell 5.7% in premarket trading. "Slow rate of growth was exacerbated by many of our largest customers enacting unusually sharp production cuts in the last two weeks of December during holiday-related plant shutdowns," Fastenal said. Sales of fasteners, one of the core segments of the wholesale distributor, fell to 29.9% of the company's total sales, compared with 31.1% a year earlier.
Industrial supplier Fastenal (NASDAQ:FAST) missed Wall Street’s revenue expectations in Q4 CY2024 as sales rose 3.7% year on year to $1.82 billion. Its GAAP profit of $0.46 per share was 3.8% below analysts’ consensus estimates.
Industrial supplier Fastenal (NASDAQ:FAST) will be reporting earnings tomorrow before market hours. Here’s what to look for.
Fastenal Company (NASDAQ:FAST) will release its fourth-quarter financial results, before the opening bell, on Friday, Jan. 17, 2025. Analysts expect the Winona, Minnesota-based company to report quarterly earnings at 48 cents per share, up from 46 cents per share in the year-ago period. Fastenal projects quarterly revenue of $1.84 billion, compared to $1.76 billion a year earlier, according to data from Benzinga Pro. On Dec. 11, Stifel analyst Brian Butler downgraded Fastenal from Buy to Hold an
Insiders are selling into these three rallies, but investors shouldn't. The stocks rally for a reason, and insiders simply take advantage of high prices.