UPDATE: Fastenal Posts Rise In Q1 Profit

Fastenal Company

reported a rise in its first-quarter profit. Fastenal's quarterly profit rose to $100.19 million, or $0.34 per share, versus $79.55 million, or $0.27 per share, in the year-earlier period. Its sales climbed to $768.9 million from $640.6 million. Analysts expected earnings of $0.35 per share on revenue of $768.56 million. Fastenal shares closed at $49.63 yesterday.