Fastenal Co. Reports Advance In Q3 Profit, Beats estimates

Fastenal Co. (FAST) reported earnings for its third quarter that increased from last year and beat the Street estimates.

The company's earnings came in at $284.6 million, or $0.50 per share. This compares with $243.5M, or $0.42 per share, in last year's third quarter.

Analysts on average had expected the company to earn $0.48 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 16.1% to $1.80 billion from $1.55 billion last year.

Fastenal Co. earnings at a glance (GAAP) :

-Earnings (Q3): $284.6 Mln. vs. $243.5M. last year.
-EPS (Q3): $0.50 vs. $0.42 last year.
-Analyst Estimate: $0.48
-Revenue (Q3): $1.80 Bln vs. $1.55 Bln last year.

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