Fastenal Company Q3 Profit Misses Estimates - Quick Facts

(RTTNews) - Fastenal Company (FAST) reported that its third-quarter net income increased to $119.35 million or $0.40 per share, from $109.32 million or $0.37 per share, last year.

On average, 12 analysts polled by Thomson Reuters expected the company to report profit per share of $0.41 for the quarter. Analysts' estimates typically exclude special items.

Net sales rose year-over-year to $858.42 million, from $802.58 million, a year ago. The company said its sales growth of 7.0% was impacted by the gain of one business day versus the prior year. Analysts expected revenue of $862.54 million for the quarter.