Fastenal Falling After Earnings Report (FAST)

Shares of Fastenal Company FAST have lost 4.28% to $50.38 after the company reported earnings this morning. FAST reported EPS of $0.47, which came in ahead of analysts' estimates which were set at $0.44. In the year ago quarter, FAST earned $0.29 per share. Revenues at the company were up 20.3% year over year. Fastenal Company (Fastenal) sells industrial and construction supplies in a wholesale and retail fashion. As of December 31, 2009, the Company had 2,369 store locations located in the United States, Puerto Rico, Canada, Mexico, Singapore, China, The Netherlands, Hungary, and Malaysia.