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Fastenal announced there Q2 2008 Results on June 11. Revenues were $604,219 up $16.3% from last year. Net profits were $76,166 up 26% from $60,256 last year.
Fastenal reported its third quarter profits, which were below analyst estimates. The company’s profits were affected as its daily sales growth declined from 14.8% in June to 13.5% in third quarter. The company reported net income of $62.1 million (41 cents a share) compared to analyst estimates of 42 cents a share.