Fastenal beats by $0.01, reports revs in-line
Fastenal increases quarterly dividend to $0.22/share from $0.215/share
| Forward Dividend & Yield | 0.88 (2.84%) |
Friday, October 11, 2019
Fastenal (FAST) reported earnings on Fri 11 Oct 19 (b/o)
** charts after earnings **
Fastenal beats by $0.01, reports revs in-line
Fastenal increases quarterly dividend to $0.22/share from $0.215/share
Reports Q3 (Sep) earnings of $0.37 per share, $0.01 better than the S&P Capital IQ Consensus of $0.36; revenues rose 7.8% year/year to $1.38 bln vs the $1.38 bln S&P Capital IQ Consensus.
"We continue to expect our net capital expenditures in 2019 to be within a range of $195.0 to $225.0, an increase from $166.8 in 2018. This increase is a result of higher spending for property and equipment to expand our hub capacity, vending devices, and hub vehicles. The progress of our investments in hub capacity will likely be the primary determinant of where we fall within our range."
Fastenal beats by $0.01, reports revs in-line
Fastenal increases quarterly dividend to $0.22/share from $0.215/share
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment