Investing.com - Fastenal (NASDAQ:FAST) reported on Wednesday second quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Fastenal announced earnings per share of $0.5 on revenue of $1.78B. Analysts polled by Investing.com anticipated EPS of $0.4972 on revenue of $1.79B.
Fastenal shares are down 21% from the beginning of the year and are trading at $49.99 , down-from-52-week-high.They are under-performing the S&P 500 which is down 19.88% from the start of the year.
Fastenal follows other major Industrials sector earnings this month
Fastenal's report follows an earnings matched by FedEx on Thursday, June 23, 2022, who reported EPS of $6.87 on revenue of $24.4B, compared to forecasts EPS of $6.87 on revenue of $24.5B.
Delta Air Lines had missed expectations on Wednesday with first quarter EPS of $1.44 on revenue of $13.82B, compared to forecast for EPS of $1.65 on revenue of $12.23B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar