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Fastenal is expected to report Q2 earnings of $0.30 per share on revenue of $2.13 billion. Rocky Mountain Chocolate is likely to report Q2 earnings as well.
Industrial supplier Fastenal (FAST) is poised to report its Q2 earnings on Monday morning. The company is expected to report earnings of $0.30 per share on revenue of $2.13 billion, marking a significant year-on-year growth of 11.5% [1]. Analysts have generally maintained their estimates over the last 30 days, suggesting a stable outlook for the company's performance. Fastenal has historically missed revenue estimates five times over the last two years, but its peers in the industrial distributors segment have shown steady performance. Richardson Electronics, for instance, beat revenue estimates by 6% in its latest earnings report, driving a 11.4% stock price increase [1].
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