polo pullover hoodie Fastenal reports lower profit in Q4

purple polo shirts for men Fastenal reports lower profit in Q4

Fastenal (NASDAQ:FAST) dropped in early trading after the provider of nuts, bolts, hand tools posted lower than estimated profit in the fourth quarter. in New York. The stock closed up 1.2% at $39.25 on Thursday, paring losses over the past year to 15%.

Profit fell to $111.9mln, or $0.39 per share, in the October to December quarter, from $118.4mln, or $0.40 per share, a year earlier, the Winona, Minnesota based company said in a statement on Friday.

That missed the $0.40 average estimate of 14 analysts polled by Capital IQ.

Sales decreased 0.38% to $922.8mln, in line with the Wall Street consensus.

The company terminated its manufacturing venture in Brazil and settled several unrelated disputes in the most recent quarter, which added $4 million in costs during the period.

“In late November 2015, and even more so in late December 2015, we experienced a greater frequency and longer duration of customer plant shutdowns related to the holiday season,” the company said in the statement.

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You understand that the Company receives either monetary or securities compensation for our services. We stand to benefit from any volume this write up may generate.

You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential,
polo pullover hoodie Fastenal reports lower profit in Q4
advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously,
polo pullover hoodie Fastenal reports lower profit in Q4
previously published information and data may not be current and should not be relied upon.