Investing.com - Fastenal (NASDAQ:FAST) reported on Tuesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Fastenal announced earnings per share of $0.35 on revenue of $1.37B. Analysts polled by Investing.com anticipated EPS of $0.34 on revenue of $1.36B. That with comparison to EPS of $0.34 on revenue of $1.31B in the same period a year before.Fastenal had reported EPS of $0.31 on revenue of $1.28B in the previous quarter.Analysts are expecting EPS of $0.31 and revenue of $1.28B in the upcoming quarter.
Fastenal shares are down 12.67% from the beginning of the year and are trading at $32.27 , down-from-52-week-high.They are under-performing the Nasdaq 100 which is down 5.33% year to date.
Fastenal follows other major Capital Goods sector earnings this month
Fastenal's report follows an earnings beat by L3Harris Technologies on Tuesday, February 4, 2020, who reported EPS of $2.44 on revenue of $1.87B, compared to forecasts EPS of $2.28 on revenue of $1.81B.
Ferguson ADR had beat expectations on Tuesday, March 17, 2020 with second quarter EPS of $2.05 on revenue of $5.32B, compared to forecast for EPS of $0.25 on revenue of $5.14B.
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