Fastenal Co. Q4 Earnings Fall 5%

(RTTNews) - Fastenal Co. (FAST) released a profit for fourth quarter that lost ground from last year.

The company said its bottom line dropped to $111.90 million, or $0.39 per share. This was down from $118.39 million, or $0.40 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.40 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 0.4% to $922.79 million. This was down from $926.25 million last year.

Fastenal Co. earnings at a glance:

-Earnings (Q4): $111.90 Mln. vs. $118.39 Mln. last year. -Earnings Decline (Y-o-Y): -5.5% -EPS (Q4): $0.39 vs. $0.40 last year. -EPS Decline (Y-o-Y): -2.5% -Analysts Estimate: $0.40 -Revenue (Q4): $922.79 Mln vs. $926.25 Mln last year. -Revenue Change (Y-o-Y): -0.4%