Fastenal Co.
FAST,
stock was up 3.4% in premarket trades on Thursday after the construction hardware and equipment company said its third-quarter earnings of 52 cents a share beat the FactSet Consensus figure by 2 cents a share. Third-quarter sales of $1.85 billion rose from $1.8 billion in the year-ago quarter and roughly matched analyst estimates. Fastenal said the impact of product pricing on sales was “modestly positive” in the quarter, with mostly stable pricing. Net income for the three months ended Sept. 30 increased to $295.5 million from $284.6 million in the year-ago quarter.
