UPDATE 1-Fastenal Q3 profit trails Street by a cent

* Q3 EPS $0.32 vs est $0.33

* Q3 revenue $489.3 mln in line with est

Oct 12 (Reuters) - Nuts and bolts distributor Fastenal Co's (FAST.O) quarterly profit missed market expectations by a cent, hurt by lower sales in its industrial production and non-residential construction businesses.

The company posted a third-quarter profit of $47.6 million, or 32 cents a share, compared with $72.9 million, or 49 cents a share, a year earlier.

Net sales fell 22 percent to $489.3 million.

Analysts on average were expecting earnings of 33 cents a share, on revenue of $489.3 million, according to Thomson Reuters I/B/E/S.

The company said sales to its manufacturing customers fell about 23 percent, while its non-residential construction business dropped about 25 percent.

Shares of the company were down 3 percent at $38.10 in low volume pre-market trade on Monday. They closed at $39.39 Friday on Nasdaq. (Reporting by Amulya Nagaraj in Bangalore; Editing by Anne Pallivathuckal)