Shares of Fastenal Company (FAST
) were down nearly 3% on Wednesday morning after the company reported earnings that fell below analysts’ expectations.
FAST’s Earnings in Brief
FAST reported Q4 earnings of $99.23 million, or 33 cents per share, up from $98.72 million, or 32 cents per share, a year ago. Total revenue was $813.76 million, up from $757.24 last year. On average, analysts expected to see earnings of 34 cents with $813.25 million in revenue. For FY2013, the company reported $448.64 million or $1.51 per share in earnings, up from $420.54 million in 2012. Analysts expected to see earnings per share of $1.52. Revenue for the year was $3.33 billion, up from $3.13 billion in 2012. Analysts expected to see revenue of $3.33 billion.Hot Small Cap Companies To Invest In Right Now
FAST’s Dividend Announcement
On Tuesday, FAST declared its next 25 cent quarterly dividend. This dividend will be paid on February 28 to shareholders of record on January 31. The stock will go ex-dividend on January 29.
Stock Performance
Fastenal shares were down $1.27, or 2.63% during pre-market trading
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