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Fastenal (FAST) Stock Skids, Q1 Results Short of Expectations

NEW YORK (TheStreet) -- Fastenal Co. (FAST - Get Report) shares are sliding 3.11% to $45.48 Tuesday after the Winona, MN-based hardware distributor posted its 2016 first quarter results this morning that missed analysts' forecasts.

Profit for the recent period came in at 44 cents a share, a penny short of Wall Street expectations. A year ago, the company posted earnings of 43 cents a share.

Sales of $986.7 million were below forecasts of $989 million, but were up 3.5% year-over-year.

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