Investing.com - Fastenal reported third quarter earnings that beat analyst's expectations on Wednesday and revenue that topped forecasts.
The firm reported earnings per share of $0.69 on revenue of $1.28B. Analysts polled by Investing.com EPS of $0.67 on revenue of $1.27B. That compared to EPS of $0.5 on revenue of $1.13B in the same period a year earlier The company had reported EPS of $0.74 on revenue of $1.27B in the previous quarter.
Fastenal shares lost 7% to trade at $51.67 in pre-market trade following the report.
For the year, Fastenal shares are down 6.28%, under-performing the Nasdaq which is up 6.98% year to date.
Fastenal follows other major Capital Goods sector earnings this month
On Wednesday, October 3, 2018, Lennar (NYSE:LEN) B reported third quarter EPS of $1.37 on revenue of $5.67B, compared to forecasts of EPS of $1.18 on revenue of $5.61B.
RPM earnings missed analyst's expectations on Wednesday, October 3, 2018, with first quarter EPS of $0.76 on revenue of $1.46B. Investing.com analysts expected EPS of $0.86 on revenue of $1.42B