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Home->Fastener News->Fastenal Reports First Quarter EarningsYou are the 646294 visitors
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Fastenal Reports First Quarter Earnings

Fastenal Co. on Thursday reported first-quarter profit of $194.1 million.

The Winona, Minnesota-based company said it had net income of 68 cents per share.

The results beat Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 67 cents per share.

The maker of industrial and construction fasteners posted revenue of $1.31 billion in the period, also surpassing Street forecasts. Eight analysts surveyed by Zacks expected $1.3 billion.

Fastenal shares have climbed 25 percent since the beginning of the year, while the Standard & Poor's 500 index has increased 15 percent. The stock has climbed 20 percent in the last 12 months.

Source: Industrial Distribution

2019/4/12 10:50:00

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