Fastenal Stock Drops After Earnings. The Issue Is ‘Poor Demand.’
In this article:
Both earnings and sales from the company, a bellwether for industrial investors, were lower than expected.
Advertisement
Recommended Stories
Carvana Father-Son Duo Make $11 Billion in 3,000% Stock Rebound
(Bloomberg) -- The father-son duo behind Carvana Co. have seen their fortunes rebound as shares of the Phoenix-based online used-car dealer have surged more than 3,000% from historic lows.Most Read from BloombergSaudi Arabia Steps Up Arrests Of Those Attacking Israel OnlineTurkey Confirms All Trade Halt With Israel Over War in GazaHuawei Secretly Backs US Research, Awarding Millions in PrizesBiden Calls Ally Japan ‘Xenophobic’ Along With China, RussiaUS and Saudis Near Defense Pact Meant to Resh
Bloomberg•Is This Stock-Split Stock Going to $3,600? 1 Wall Street Analyst Thinks So.
The company has been very clever about harnessing technology to help improve performance.
Motley Fool•Bill Gates Is Reportedly Selling A Pair Of Yachts After Dropping To His Lowest Rank On The Billionaire List In 34 Years
Bill Gates, the co-founder of Microsoft Corp. and a renowned philanthropist, has been slipping down the ranks of the world’s billionaires. Despite boasting a net worth of nearly $128 billion, Gates is at No. 9 on the Forbes Billionaire Index, a significant drop from his previous position at No. 7 a month ago. This marks his lowest ranking since 1990 when he ranked 16th. Gates has been recognized not only for his immense wealth but also for his environmental advocacy, which makes his ownership of
Benzinga•Apple beats Q2 estimates as iPhone sales decline 10%
Apple reported better-than-expected Q2 earnings and increased its dividend to $0.25 per share.
Yahoo Finance•Possible Stock Splits in 2024: 2 Growth Stocks Up 437% and 541% in 7 Years to Buy Now, According to Wall Street
These potential stock-split stocks could help patient investors turn a profit in the market.
Motley Fool•Should Investors Buy the Dip in AMD (AMD) or Super Micro Computer's (SMCI) Stock After Earnings?
Investors may be wondering if it's time to buy the post-earnings dip in AMD (AMD) and Super Micro Computer's (SMCI) stock as both are AI leaders.
Zacks•These Dividend Aristocrats Are Slashing Payouts, Ending Decades Of Consecutive Dividend Increases
Dividend Aristocrats, a group of S&P 500 companies that have consistently increased their annual dividend payouts for at least 25 consecutive years, are often considered a haven for income-seeking investors. These companies are known for their ...
Benzinga•Analysts revise SuperMicro stock price target after earnings
Here's what could happen next to SuperMicro Computer shares.
TheStreet•Cloudflare Stock Tanks Following Q1 Results, Subpar Guidance - Here's Why
Cloudflare, Inc. (NYSE:NET) reported its first-quarter financial results after the bell on Thursday. Here are the details. Cloudflare reported quarterly earnings of 16 cents per share, which beat the analyst consensus estimate of 13 cents by 23.08%. The company closed quarterly sales of $378.6 million, which beat the analyst consensus estimate of $373.09 million. It represents a 30.47% growth from the prior year's period. Free cash flow was $35.6 million, or 9% of revenue, compared to $13.9 mill
Benzinga•