Fastenal Co. Q2 income increases in line with estimates

Fastenal Co. (FAST) released earnings for its second quarter that increased from the same period last year in line with the Street estimates.

The company's bottom line totaled $287.1M, or $0.50 per share. This compares with $239.7M, or $0.42 per share, in last year's second quarter.

Analysts on average had expected the company to earn $0.50 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 17.9% to $1.78 billion from $1.51 billion last year.

Fastenal Co. earnings at a glance (GAAP) :

-Earnings (Q2): $287.1M. vs. $239.7M. last year.
-EPS (Q2): $0.50 vs. $0.42 last year.
-Analyst Estimate: $0.50
-Revenue (Q2): $1.78 Bln vs. $1.51 Bln last year.

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