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Fastenal Shares Rise After Industrial Supplies Company Beats Earnings

Jacob Sonenshine

, an industrial supplies distributor, were rising in premarket trading Thursday after the company beat expectations on both the top and bottom lines. Earnings per share for the first quarter of 2019 were 68 cents, beating Wall Street estimates of 67 cents and rising from 61 cents in the same period last year. Sales were $1.31 billion, beating analysts' expectations of $1.30 billion, marking the fourth quarter in a row in which Fastenal beat revenue estimates.