An early earnings report from a key industrial player shows inflation is falling, profit margins are stable, earnings are fine. That should be enough to calm investors’ nerves, even if the early stock trading doesn’t demonstrate serenity.
Thursday morning, industrial distributor
Fastenal
(ticker: FAST) reported first-quarter earnings per share of 52 cents from just under $1.9 billion in sales. Wall Street was looking for 51 cents a share from almost $1.9 billion in sales.
Source: https://www.barrons.com/articles/fastenal-earnings-beat-stock-industry-industrial-5284dff3?siteid=yhoof2&yptr=yahoo