Investing.com - Fastenal (NASDAQ:FAST) reported on Wednesday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Fastenal announced earnings per share of $0.34 on revenue of $1.36B. Analysts polled by Investing.com anticipated EPS of $0.3257 on revenue of $1.33B.
Fastenal shares are up 3% from the beginning of the year, still down 2.83% from its 52 week high of $51.89 set on January 12. They are outperforming the S&P 500 which is up 1.14% from the start of the year.
Fastenal follows other major Capital Goods sector earnings this month
Fastenal's report follows an earnings beat by ASML ADR on Wednesday, who reported EPS of $3.92 on revenue of $5.16B, compared to forecasts EPS of $2.96 on revenue of $4.47B.
RPM had beat expectations on January 6 with second quarter EPS of $1.06 on revenue of $1.49B, compared to forecast for EPS of $0.9953 on revenue of $1.45B.
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