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Fastenal (FAST +8.6%) moves up despite a mixed Q3 result, reporting in-line on a per share basis...

Fastenal (FAST +8.6%) moves up despite a mixed Q3 result, reporting in-line on a per share basis but slightly short on the revenue side. Net income actually rose 13% Y/Y, marking a fourth consecutive quarter of growth as the operator of industrial hardware supply stores continues to open new stores in response to heavy manufacturing demand. The company has opened 73 new stores this year, bringing its total store count 2,650. Margins slipped on the increase in expansion costs, to 51.6% from 51.9%.

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