* EPS $0.47 vs est. $0.44
* Sales jump 20 pct
July 13 Industrial distributor Fastenal Co
(FAST.O) posted higher-than-expected quarterly profit on
improving sales trends at its end markets.
Fastenal's second-quarter net income was $69.2 million, or
47 cents a share, compared with $43.5 million, or 29 cents a
share, a year ago.
Revenue rose about 20 percent to $571.2 million.
Analysts were expecting earnings of 44 cents a share on
revenue of $568.7 million, according to Thomson Reuters
The company said daily sales to its manufacturing customers
climbed 29.8 percent, while those to non-residential
construction grew 0.5 percent -- the first increase in at least
Fastenal plans to open 80 to 95 new stores in the second
half of 2010 based on the current economic conditions.
Shares of the company were trading down slightly at $51.37
Tuesday premarket. They closed at $52.62 Monday on Nasdaq.
(Reporting by A.Ananthalakshmi in Bangalore; Editing by