Huge Profit Percentages for Fastenal Co.
Fastenal Co. announced its first-quarter profits increased15%, assisted by a stimulation of all its fasteners sales. Fastenal Co trades on the “NASDAQ” under the stock symbol “FAST”. For More information regarding “FAST” or the Latest Stock Market Information, make sure to visit the Most Exclusive and In Depth newsletter website at: http://www.wallstreetgrand.com/.
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Fastenal Co. (NASDAQ:FAST) announced on Tuesday, April 13, 2010 that its first-quarter profits increased15%, assisted by a stimulation of all its fasteners sales to its primary manufacturers.
The company reported net earnings of $56 million, or 38 cents per share, which increased from $48.7 million, or 33 cents per share, in the quarter one-year prior. Sales increased 6 percent to $520.7 million, assisted by a 15.7 percent increase in sales to manufacturing customers. Company shares rose $2.17, or 4 percent, to $54.07 in morning trading after the results surpassed Wall Street expectations.
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