Fastenal Co FAST reported a 13% rise in its third-quarter net income.
Fastenal's quarterly profit surged to $109.3 million, or $0.37 per share, from $96.8 million, or $0.33 per share, in the year-earlier period.
Its revenue climbed 10% to $802.6 million. However, analysts were expecting earnings of $0.37 per share on revenue of $805 million.
Fastenal's gross margin declined to 51.6% from 51.9%.
Fastenal shares closed at $42.32 yesterday.
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