Shares of Fastenal(FAST Quote) were among Nasdaq's winners Wednesday, rising 8% after the industrial and construction supplies company posted third-quarter results that topped Wall Street forecasts.
The company earned $46 million, or 61 cents a share, on sales of $402.2 million. Analysts polled by Thomson First Call were expecting earnings of 57 cents a share on sales of $394.1 million. A year earlier, the company earned $34.7 million, or 46 cents a share, on sales of $325.7 million.
Separately, Fastenal announced a 2-for-1 stock split. Shareholders of record on Oct. 31 will receive one additional share for each share they hold, with the stock split occurring on Nov. 10. After the split, there will be more than 151 million shares outstanding. Shares recently traded up $5.02 to $66.31. ...
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