Fastenal Stock Drops as 'Soft Manufacturing Environment' Hits Q4 Results
1. Fastenal's Q4 results missed analysts' estimates. 2. Sales grew 3.7% year-over-year, but net daily sales rose only 2.1%. 3. Profit declined 1.6%, indicating weaker performance. 4. The 'soft manufacturing environment' impacted sales growth significantly. 5. Shares fell nearly 5% in premarket trading following earnings announcement.