Fastenal Co. Bottom Line Drops 7% In Q3

(RTTNews) - Fastenal Co. (FAST) revealed a profit for third quarter that decreased compared to the same period last year.

The company said its profit dropped to $126.92 million, or $0.44 per share. This was lower than $136.49 million, or $0.47 per share, in last year's third quarter.

Analysts had expected the company to earn $0.45 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 1.5% to $1.01 billion. This was up from $995.25 million last year.

Fastenal Co. earnings at a glance:

-Earnings (Q3): $126.92 Mln. vs. $136.49 Mln. last year. -Earnings Decline (Y-o-Y): -7.0% -EPS (Q3): $0.44 vs. $0.47 last year. -EPS Decline (Y-o-Y): -6.4% -Analysts Estimate: $0.45 -Revenue (Q3): $1.01 Bln vs. $995.25 Mln last year. -Revenue Change (Y-o-Y): 1.5%