Investing.com - Fastenal (NASDAQ:FAST) reported on Tuesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Fastenal announced earnings per share of $0.42 on revenue of $1.55B. Analysts polled by Investing.com anticipated EPS of $0.4174 on revenue of $1.54B.
Fastenal shares are up 6% from the beginning of the year, still down 7.38% from its 52 week high of $56.39 set on August 30. They are under-performing the S&P 500 which is up 16.11% 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 20, who reported EPS of $4.52 on revenue of $6.94B, compared to forecasts EPS of $3.26 on revenue of $7.11B.
RPM had beat expectations on October 6 with first quarter EPS of $1.08 on revenue of $1.65B, compared to forecast for EPS of $1.02 on revenue of $1.64B.
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