UPDATE: Fastenal Q2 Profit Up 19%
Fastenal Co (NASDAQ: FAST) reported a 19% rise in its second-quarter earnings.
Fastenal's quarterly profit surged to $112.3 million, or $0.38 per share, from $94.1 million, or $0.32 per share, in the year-ago quarter.
Its revenue climbed 15% to $804.9 million. However, analysts were expecting earnings of $0.37 per share on revenue of $808 million.
Fastenal's gross margin declined to 51.6% from 52.2%.
Fastenal shares dropped 1.94% to $38.99 in pre-market trading.
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