Fastenal's Q4 Earnings, Stock Surge, UK Sponsorship

Fastenal, a $48.1 billion industrial supply company, prepares for Q4 earnings. Analysts predict a 13% increase in EPS to $0.26, following a 10% jump in full-year EPS to $1.10. Stock prices have risen 13.4% in the past year, slightly underperforming the S&P 500 and Industrial Select Sector SPDR Fund. Recently, Fastenal announced a sponsorship deal with Belfast Giants, expanding brand presence in Northern Ireland and the UKs Elite Ice Hockey League.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.