Investing.com - Fastenal (NASDAQ:FAST) reported on Tuesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Fastenal announced earnings per share of $0.42 on revenue of $1.51B. Analysts polled by Investing.com anticipated EPS of $0.4107 on revenue of $1.5B.
Fastenal shares are up 24% from the beginning of the year and are trading at $54.02 , down-from-52-week-high.They are outperforming the Dow Jones which is up 14.34% from the start of the year.
Fastenal follows other major Capital Goods sector earnings this month
Fastenal's report follows an earnings beat by Lennar B on Wednesday, June 16, 2021, who reported EPS of $2.65 on revenue of $6.43B, compared to forecasts EPS of $2.38 on revenue of $6.1B.
MSC Industrial Direct had beat expectations on Wednesday, July 7, 2021 with third quarter EPS of $1.42 on revenue of $866.29M, compared to forecast for EPS of $1.38 on revenue of $847.22M.
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