Investing.com - Fastenal (NASDAQ:FAST) reported on Wednesday second quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Fastenal announced earnings per share of $0.5 on revenue of $1.78B. Analysts polled by Investing.com anticipated EPS of $0.4972 on revenue of $1.79B.
Fastenal shares are down 21% from the beginning of the year, still down 22.79% from its 52 week high of $64.75 set on December 30, 2021. They are outperforming the Nasdaq 100 which is down 28.03% from the start of the year.
Fastenal follows other major Industrials sector earnings this month
Fastenal's report follows an earnings matched by FedEx on June 23, who reported EPS of $6.87 on revenue of $24.4B, compared to forecasts EPS of $6.87 on revenue of $24.5B.
Delta Air Lines had missed expectations on Wednesday with first quarter EPS of $1.44 on revenue of $13.82B, compared to forecast for EPS of $1.65 on revenue of $12.23B.
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