Fastenal Co. (FAST) reported third-quarter net earnings of $47.59 million or $0.32 per share, compared to $72.91 million or $0.49 per share in the same quarter last year. Analysts polled by Thomson Reuters expected the company to report earnings of $0.33 per share for the quarter. Analysts' estimates typically exclude special items.
Net sales for the quarter were $489.34 million, down 21.7% from $625.04 million in the prior year quarter. Seven analysts had consensus revenue estimate of $489.32 million for the quarter.
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