Investing.com - Fastenal (NASDAQ:FAST) reported on Tuesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Fastenal announced earnings per share of $0.42 on revenue of $1.51B. Analysts polled by Investing.com anticipated EPS of $0.36 on revenue of $1.47B.
Fastenal shares are up 17.4% from the beginning of the year , still down 3.04% from its 52 week high of $44.74 set on July 6. They are outperforming the S&P 500 which is down 2.34% 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 on June 15, who reported EPS of $1.65 on revenue of $5.29B, compared to forecasts EPS of $1.24 on revenue of $5.19B.
Lennar B had beat expectations on June 15 with second quarter EPS of $1.65 on revenue of $5.29B, compared to forecast for EPS of $1.24 on revenue of $5.19B.
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