Investing.com - Fastenal (NASDAQ:FAST) reported on Tuesday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Fastenal announced earnings per share of $0.38 on revenue of $1.41B. Analysts polled by Investing.com anticipated EPS of $0.37 on revenue of $1.42B.
Fastenal shares are up 28% from the beginning of the year, still down 4.45% from its 52 week high of $49.86 set on September 2. They are under-performing the Nasdaq which is up 32.36% from the start of the year.
Fastenal follows other major Capital Goods sector earnings this month
Fastenal's report follows an earnings beat by Lennar B on September 14, who reported EPS of $2.12 on revenue of $5.87B, compared to forecasts EPS of $1.55 on revenue of $5.33B.
RPM had beat expectations on October 7 with first quarter EPS of $1.44 on revenue of $1.61B, compared to forecast for EPS of $1.14 on revenue of $1.5B.
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