UPDATE: Fastenal Q2 Profit Rises 7.7%
Fastenal Co (NASDAQ: FAST) reported a 7.7% rise in its second-quarter earnings.
Fastenal's quarterly profit surged to $121 million, or $0.41 per share, from $112.3 million, or $0.38 per share, in the year-ago period.
Its sales increased 5.3% to $847.6 million. However, analysts were expecting earnings of $0.41 per share on revenue of $857 million.
Fastenal's gross margin widened to 52.2% from 51.6%.
Fastenal shares closed at $47.10 yesterday.
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