(FAST - Free Report
) is a national wholesale distributor of industrial and construction supplies. It distributes its products through company-owned stores mostly located in North America. The company has gradually grown from a fastener distributor to a full-line industrial supplier.
Investors should also note the recent earnings estimate revisions for FAST has remained stable in the last 60 days. Meanwhile, Fastenal has delivered positive earnings surprises in one of the last four quarters, making an average beat of 1%.
We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: FAST reported EPS of 74 cents per share, beating the Zacks Consensus Estimate of 66 cents.
Revenues: FAST reported revenues of $1.27 billion, which surpassed the consensus estimate of $1.26 billion.
Key Stats to Note: Fastenal’s total average daily sales increased 13.1% in the second quarter of 2018, lower than 13.2% increase reported in the first quarter.
Share Price Movement: Shares of the company was up 7.5% in pre-market trading at the time of writing.
Fastenal Company Price and EPS Surprise
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