Market Overview

UPDATE: Fastenal Posts In-Line Q3 Profit


Fastenal Co (NASDAQ: FAST) reported in-line earnings for the third quarter.

The Winona, Minnesota-based company posted quarterly net income of $133.3 million, or $0.45 per share, up from $119.4 million, or $0.40 per share, in the year-ago period.

Its revenue rose 14.3% to $980.8 million from $858.4 million. However, analysts were expecting earnings of $0.45 per share on revenue of $980.1 million.

Fastenal shares fell 2.44% to close at $44.70 yesterday.

Posted-In: profitEarnings News


Related Articles (FAST)

View Comments and Join the Discussion!

Imperial Capital Initiates McDermott With In-line

Networking Companies See Volatility Late Thursday On Revenues