Fastenal (NASDAQ:FAST) reported that it earned $109.3 million, or 37 cents per share, versus $96.8 million, or 33 cents per share in the same period last year, representing an increase of 12.9 percent. Revenue increased by 10.4% to $802.6 million versus the same quarter last year. Analysts had expected earnings of 38 cents per share on revenue of $807.6 million.
Shares are higher by about 9.2 percent.
Fastenal's competitors in the industrial and construction supplies business include MSC Industrial Direct (NYSE:MSM) and W.W. Grainger (NYSE:GWW). MSC reportrs earnings on October 22, and W.W. Grainger announces earning on October 16.
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