Fastenal Co. Announces 6% Fall In Q2 Earnings

(RTTNews) - Fastenal Co. (FAST) reported a profit for second quarter that dropped from last year.

The company said its profit came in at $131.52 million, or $0.45 per share. This was down from $140.36 million, or $0.48 per share, in last year's second quarter.

Analysts had expected the company to earn $0.48 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 1.0% to $1.01 billion. This was up from $1.00 billion last year.

Fastenal Co. earnings at a glance:

-Earnings (Q2): $131.52 Mln. vs. $140.36 Mln. last year. -Earnings Decline (Y-o-Y): -6.3% -EPS (Q2): $0.45 vs. $0.48 last year. -EPS Decline (Y-o-Y): -6.2% -Analysts Estimate: $0.48 -Revenue (Q2): $1.01 Bln vs. $1.00 Bln last year. -Revenue Change (Y-o-Y): 1.0%