Morning Buzz: Fastenal Company (NASDAQ:FAST), Synthetic Biologics Inc (NYSEMKT:SYN), Manitowoc Company, Inc. (NYSE:MTW)

Fastenal Company (NASDAQ:FAST) reported mixed financial results for Q3 ended Sept. 30, 2014, with earnings matching analysts' expectations, and revenue in line. The company, which sells industrial and construction supplies in a wholesale and retail fashion, posted Q3 earnings of $133.32 million or $0.45 per share, compared with the prior-year period's $119.35 million or $0.40 per share. Revenue was $980.8 million, up from $858.42 million in the same quarter last year. Analysts polled by Capital IQ were expecting EPS of $0.45 on revenues of $981.67 million. Fastenal Company (NASDAQ:FAST) shares are trading with a 52-week range of $42.48 - $52.21.Shares of Synthetic Biologics Inc (NYSEMKT:SYN) gained Friday morning after the biotechnology firm said it sealed purchase agreements with select institutional investors for a direct offering of 14.1 million units at $1.47 per unit, a slight premium to the closing price of $1.41 on October 9. Synthetic Biologics Inc (NYSEMKT:SYN) expects to raise gross proceeds of about $20.7 million. Each unit consists of one share of common stock and a warrant to acquire 0.5 shares at an exercise price of $1.75 per share, which is around a 25% premium relative to the closing stock price on Thursday. Synthetic Biologics said it plans to use the net proceeds primarily to pursue further clinical development of its C. difficile preventative and constipation-predominant irritable bowel syndrome (C-IBS) therapeutic programs and for general corporate purposes. SYN shares were up 1.4% at $1.43 in recent morning trade, moving within a 52-week range of $0.95-$3.64.The Manitowoc Company, Inc. (NYSE:MTW) has announced preliminary Q3 net sales are expected to be just under $1 billion, down from $1.01 billion in Q3 2013. Analysts predicted $1.02 billion in total revenue for the quarter. "Our third-quarter results remain challenged by a constrained demand environment globally," said Glen E. Tellock, Manitowoc Company, Inc. (NYSE:MTW) chairman and chief executive officer. "In the Crane segment, sales were further impacted by the North American rough-terrain and boom truck markets, as well as weakness in the Latin America region. In addition, Foodservice experienced weakness in select geographic regions, such as Russia and Asia Pacific, as well as certain product categories."For the full-year, the company now anticipates Crane segment revenues to decline by mid-to-high single-digit percentages compared to 2013 revenues, while it expects Crane operating margins for full-year 2014 to be in the 7% range. The company now expects full-year 2014 Foodservice segment revenues to be up by low-to-mid single-digit percentages as compared to revenues for the prior-year period. The company expects this segment's operating margins for full-year 2014 to be in the 15% range. In addition, the company is adjusting its guidance for end-of-year debt-to-EBITDA to approximately 3.5 times from below 3 times previously expected, and is reducing its interest expense guidance to a low-to-mid $90 million range. The company has reaffirmed the remainder of its full-year outlook.