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Fastenal (FAST) Stock Gains on Q3 Earnings and Sales Beat
Fastenal Company’s FAST shares gained almost 4% following its third-quarter 2019 earnings release, wherein the top and bottom lines surpassed the respective Zacks Consensus Estimate despite witnessing slower activity levels.
Earnings & Sales in Detail
Fastenal reported earnings of 37 cents per share in the quarter, beating the consensus mark by 5.7%. The reported figure also increased 8.8% from the year-ago profit level of 34 cents.
Net sales of $1.38 billion surpassed the consensus mark of $1.37 billion and grew 7.8% year over year. The growth was driven by higher unit sales, primarily related to growth drivers, with notable contributions from industrial vending and Onsite locations.
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https://finance.yahoo.com/news/fastenal-...02080.html
![[Bild: FASTc1dl1340.png]](https://finviz.com/publish/101119/FASTc1dl1340.png)
Fastenal Company’s FAST shares gained almost 4% following its third-quarter 2019 earnings release, wherein the top and bottom lines surpassed the respective Zacks Consensus Estimate despite witnessing slower activity levels.
Earnings & Sales in Detail
Fastenal reported earnings of 37 cents per share in the quarter, beating the consensus mark by 5.7%. The reported figure also increased 8.8% from the year-ago profit level of 34 cents.
Net sales of $1.38 billion surpassed the consensus mark of $1.37 billion and grew 7.8% year over year. The growth was driven by higher unit sales, primarily related to growth drivers, with notable contributions from industrial vending and Onsite locations.
...
https://finance.yahoo.com/news/fastenal-...02080.html
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