Investing.com - Fastenal (NASDAQ:FAST) reported on Tuesday first quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Fastenal announced earnings per share of $0.37 on revenue of $1.42B. Analysts polled by Investing.com anticipated EPS of $0.3698 on revenue of $1.43B.
Fastenal shares are up 3% from the beginning of the year, still down 2.27% from its 52 week high of $51.89 set on January 12. They are under-performing the S&P 500 which is up 9.93% from the start of the year.
Fastenal follows other major Capital Goods sector earnings this month
Fastenal's report follows an earnings beat by Lennar B on March 16, who reported EPS of $3.2 on revenue of $5.33B, compared to forecasts EPS of $1.71 on revenue of $5.13B.
RPM had beat expectations on April 7 with third quarter EPS of $0.38 on revenue of $1.27B, compared to forecast for EPS of $0.2887 on revenue of $1.2B.
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