Fastenal
FAST
Delayed Nasdaq - 10/20 09:28:01 pm
48.32USD
+0.12%

Fastenal : matches Street 3Q forecasts

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10/11/2017 | 12:56 pm

WINONA, Minn. (AP) _ Fastenal Co. (FAST) on Wednesday reported third-quarter earnings of $143.1 million.

On a per-share basis, the Winona, Minnesota-based company said it had profit of 50 cents.

The results met Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was also for earnings of 50 cents per share.

The maker of industrial and construction fasteners posted revenue of $1.13 billion in the period, which also met Street forecasts.

Fastenal shares have declined 4.5 percent since the beginning of the year, while the Standard & Poor's 500 index has increased 14 percent. The stock has climbed 6.5 percent in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FAST at https://www.zacks.com/ap/FAST

Automated Insights, source Associated Press News

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