Fastenal Co. Reports Advance In Q2 Earnings

Fastenal Co. (FAST) reported earnings for its second quarter that advanced from last year.

The company’s bottom line totaled $211.2 million, or $0.74 per share. This compares with $148.9 million, or $0.52 per share, in last year’s second quarter.

Analysts had expected the company to earn $0.66 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

The company’s revenue for the quarter rose 13.4% to $1.27 billion from $1.12 billion last year.

Fastenal Co. earnings at a glance:

-Earnings (Q2): $211.2 Mln. vs. $148.9 Mln. last year.
-EPS (Q2): $0.74 vs. $0.52 last year.
-Analysts Estimate: $0.66
-Revenue (Q2): $1.27 Bln vs. $1.12 Bln last year.

by RTTNews Staff Writer

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