WINONA, Minn. (AP) _ Fastenal Co. (FAST) on Wednesday reported first-quarter profit of $134.2 million.
On a per-share basis, the Winona, Minnesota-based company said it had net income of 46 cents.
The results met Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was also for earnings of 46 cents per share.
The maker of industrial and construction fasteners posted revenue of $1.05 billion in the period, topping Street forecasts. Seven analysts surveyed by Zacks expected $1.03 billion.
Fastenal shares have climbed 7 percent since the beginning of the year, while the Standard & Poor's 500 index has climbed 5 percent. The stock has increased 7 percent in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FAST at https://www.zacks.com/ap/FAST
Keywords: Fastenal, Earnings Report
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