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 $0.4 on revenue of $1.53B. Analysts polled by Investing.com anticipated EPS of $0.3766 on revenue of $1.49B.
Fastenal shares are down 8% from the beginning of the year, still down 9.82% from its 52 week high of $64.75 set on December 30, 2021. They are under-performing the Nasdaq 100 which is down 6.8% from the start of the year.
Fastenal follows other major Industrials sector earnings this month
Fastenal's report follows an earnings beat by Cintas on December 22, 2021, who reported EPS of $2.76 on revenue of $1.92B, compared to forecasts EPS of $2.65 on revenue of $1.91B.
Delta Air Lines had beat expectations on January 13 with fourth quarter EPS of $0.22 on revenue of $9.47B, compared to forecast for EPS of $0.1633 on revenue of $9.02B.
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