BUZZ - Fastenal shares fall after third-quarter earnings report

October 14 - ** After industrial supplies distributor Fastenal (FAST.O) released its third-quarter earnings report, its share price fell more than 5% to $48.61

** D.A. Davidson analyst Christopher Dankert said that average daily sales in September, a barometer of demand, rose 14.4% year-over-year, below investors' expectations of about 17%-18%

** He added that although both gross margin and EBIT margin significantly exceeded expectations, investors still focused on sales falling short of projections

** According to LSEG data, third-quarter revenue was $2.46 billion, higher than the expected $2.44 billion

** Earnings per share rose about 21% year-over-year to $0.35

** As of the previous trading day’s close, the stock had gained 28.16% year-to-date

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