Shares of Fastenal ( FAST) 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.

Titan International ( TWI) rose 32% after the company received a proposal from One Equity Partners to acquire the company for $18 a share in cash. Titan, a holding company whose units make wheels, tires and assemblies for off-highway equipment, said it has formed a special committee to pursue discussions with One Equity, which is a private equity affiliate of J.P. Morgan ( JPM). If the deal is accepted, the price would represent a 36% premium to Tuesday's closing price of $13.28. Titan shares recently jumped $4.26 to $17.54.

Shares of Titanium Metals ( TIE) rose 10% after the company lifted its 2005 earnings and sales guidance. The maker of titanium metal products now expects operating income of $155 million to $165 million, up from its prior view of $123 million to $138 million. The company sees sales of $740 million to $760 million, up $10 million over the lower end of the company's previous guidance. Titanium Metals attributed the improved outlook to higher selling prices and lower-than-expected raw-material costs. Shares were trading up $3.57 to $40.04.

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