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UPDATE: Fastenal Posts Downbeat Q3 Profit

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Fastenal Co (NASDAQ: FAST) reported a 9.2% rise in its third-quarter earnings.

Fastenal's quarterly profit surged to $119.4 million, or $0.40 per share, from $109.3 million, or $0.37 per share, in the year-ago period.

Its sales climbed 7% to $858.4 million. However, analysts were expecting earnings of $0.41 per share on revenue of $863 million.

Fastenal's gross margin widened to 51.7% from 51.6%.

Fastenal shares fell 4.96% to $47.50 in pre-market trading.

 

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