Fastenal Co. Announces 13% Advance In Q3 Earnings

(RTTNews) - Fastenal Co. (FAST) reported a profit for its third quarter that advanced compared to the same period last year.

The company said its bottom line totaled $143.1 million, or $0.50 per share. This was higher than $126.9 million, or $0.44 per share, in last year's third quarter.

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

The company said revenue for the quarter rose 11.9% to $1.13 billion. This was up from $1.01 billion last year.

Fastenal Co. earnings at a glance:

-Earnings (Q3): $143.1 Mln. vs. $126.9 Mln. last year. -Earnings Growth (Y-o-Y): 12.8% -EPS (Q3): $0.50 vs. $0.44 last year. -EPS Growth (Y-o-Y): 13.6% -Analysts Estimate: $0.50 -Revenue (Q3): $1.13 Bln vs. $1.01 Bln last year. -Revenue Change (Y-o-Y): 11.9%