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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