– Shares of Fastenal skyrocketed more than 16% after the maker of construction and industrial supplies reported stronger-than-expected earnings.
Fastenal earned 37 cents per share in the past quarter, 2 cents above estimates, while revenue also came slightly above Wall Street forecasts. The strong result came from higher unit sales and higher prices that had been implemented to mitigate the impacts of general and tariff-related inflation.
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