Why Fastenal Stock Spiked 10% in October
Shares of Fastenal (NASDAQ: FAST), the industrial supplies store, gained 10% last month, according to data provided by S&P Global Market Intelligence. Amid the trade wars and uncertainty in the business environment, investors cheered its third-quarter earnings, which saw EPS come in $0.02 above analysts' estimates.
Net sales improved 7.8% year over year to $1.379 billion. Earnings per share of $0.37 were 8% higher than the year-ago quarter.
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Source Fool.com
