Investing.com - Fastenal (NASDAQ:FAST) reported on Wednesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Fastenal announced earnings per share of $0.47 on revenue of $1.7B. Analysts polled by Investing.com anticipated EPS of $0.443 on revenue of $1.68B.
Fastenal shares are down 9% from the beginning of the year and are trading at $57.69 , down-from-52-week-high.They are outperforming the Nasdaq which is down 14.53% from the start of the year.
Fastenal follows other major Industrials sector earnings this month
Fastenal's report follows an earnings missed by FedEx on Thursday, March 17, 2022, who reported EPS of $4.59 on revenue of $23.6B, compared to forecasts EPS of $4.65 on revenue of $23.41B.
Cintas had beat expectations on Wednesday, March 23, 2022 with third quarter EPS of $2.69 on revenue of $1.96B, compared to forecast for EPS of $2.44 on revenue of $1.91B.
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