Fastenal rises on Q3 profit beat
11/10/2024 15:41
(Updates)
** Shares of industrial supplies maker Fastenal FAST.O
rise nearly 7% to $74 in morning trade
** Company posts Q3 adj. EPS of $0.52 vs analysts' average
estimate of $0.51 - LSEG data
** Q3 revenue up about 3.5% at $1.91 bln
** Three of 17 brokerages rate the stock "buy", 11 "hold"
and three "sell" or lower; median PT is $66 - LSEG data
** Up to last close, stock up 8% YTD
(Reporting by Anshuman Tripathy in Bengaluru)
((Anshuman.Tripathy@thomsonreuters.com;))