UPDATE 1-Fastenal posts lower Q1 profit

to $48.7 mln * Q1 sales down 14 percent April 14 (Reuters) - Nuts and bolts distributor Fastenal Co (FAST.O For the first quarter, net income fell to $48.7 million, or 33 cents a share, from $68.1 million, or 46 cents a share, in the...