Fastenal (FAST) reported earnings on Tue 12 July 2016 (b/o)

** charts before earnings **

** charts after earnings **

Fastenal misses by $0.02, reports revs in-line :

• Reports Q2 (Jun) earnings of $0.46 per share, $0.02 worse than the Capital IQ Consensus of $0.48; revenues rose 1.7% year/year to $1.01 bln vs the $1.02 bln Capital IQ Consensus. 
• "While our customers value the capabilities we bring to the table, in the last eight quarters this group of customers has seen a contraction in its production and therefore its need for fasteners. During this time frame, our fastener product line has seen its daily growth decrease from about 10% growth in the last six months of 2014 to about 6% contraction in the fourth quarter of 2015 and about 2% contraction in the first half of 2016. Our market share gains continue to be strong, but the contraction in purchases from our existing customers, plus some price deflation, has eliminated our growth and led to contraction."