Fastenal Co. Q4 Income Advances, Beats estimates

(RTTNews) - Fastenal Co. (FAST) announced a profit for its fourth quarter that increased from last year and beat the Street estimates.

The company's earnings came in at $231.2 million, or $0.40 per share. This compares with $196.1 million, or $0.34 per share, in last year's fourth quarter.

Analysts on average had expected the company to earn $0.38 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 12.5% to $1.53 billion from $1.36 billion last year.

Fastenal Co. earnings at a glance (GAAP) :

-Earnings (Q4): $231.2 Mln. vs. $196.1 Mln. last year. -EPS (Q4): $0.40 vs. $0.34 last year. -Analyst Estimate: $0.38 -Revenue (Q4): $1.53 Bln vs. $1.36 Bln last year.