Tag: Industrial Support Services

Equifax (EFX) reported better-than-expected quarterly earnings Tuesday, but higher interest rates and lower mortgage activity are weighing on the credit firm’s outlook.

 Industrial supplies distributor Fastenal on Monday reported quarterly net income below Wall Street estimates, while revenue was ​in line with expectations, on stronger pricing and ‌steady demand for its fasteners from manufacturing customers.

Fastenal (FAST) reported higher third-quarter sales, shrugging off a difficult industry backdrop driven by reduced construction activity.

That’s a relief for investors looking for signs that manufacturing growth in the U.S. is turning a corner.

Results from industrial distributor Fastenal 0.29% show things in this economy are challenging, but getting a little better. Improvement is a good thing.

Industrial distributor Fastenal missed Wall Street’s second-quarter earnings estimates. The stock was falling in premarket trading. Results show that the manufacturing economy isn’t out of the woods yet.