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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Fastenal Company | NASDAQ:FAST | NASDAQ | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.03 | 0.04% | 68.17 | 67.94 | 68.70 | 68.595 | 67.68 | 67.75 | 2,802,016 | 01:00:00 |
From Apr 2019 to Apr 2024
By Patrick Thomas
Fastenal Co. (FAST) shares rose about 16% to $36.10 Friday after it posted third-quarter earnings that beat analysts estimates.
The Winona, Minn.-based distributor of factory products reported a profit of $213.5 million, or 37 cents a share. Analysts polled by FactSet were expecting earnings of 35 cents a share.
"Execution of our pricing strategy improved nicely and produced better gross margin," Chief Executive Daniel Florness said in an investor presentation.
Sales rose to $1.38 billion from $1.28 billion a year earlier. Analysts had expected $1.37 billion of revenue in the quarter.
"Price-cost improved for the quarter as pricing efforts to offset tariffs and inflation gained traction," finance chief Holden Lewis said on a call with analysts.
Write to Patrick Thomas at patrick.thomas@wsj.com
(END) Dow Jones Newswires
October 11, 2019 11:01 ET (15:01 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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