Fastenal Co. (FAST) reported fourth quarter net earnings of $44.54 million or $0.30 per share, compared to $62.54 million or $0.42 per share in the same quarter last year.
Analysts polled by Thomson Reuters expected the company to report earnings of $0.31 per share for the quarter. Analysts' estimates typically exclude special items.
Net sales for the quarter were $476.75 million, down 12.5% from $544.96 million in the prior year quarter. Seven analysts had consensus revenue estimate of $479.38 million for the quarter.
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