Fastenal beats Q3 net sales and EPS estimates
FAST Fastenal Co
$52.00 +1.11%
View chart & analysis → - 1Fastenal exceeded third-quarter earnings expectations driven by strong sales growth in core markets.
- 2Fastenal net sales grew 15.5% year-over-year to reach $2.46 billion.
- 3Fastenal gross margin recorded 44.8% as shifts toward larger customers and pricing and cost pressures had an impact.
So what's the key point?
Fastenal earned more money than experts expected because it sold a lot of products. Sales increased by 15.5%, which means the company is making good money.
Source Stocktwits +1 · View original ↗
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