WINONA, Minn. (AP) _ Fastenal Co. (FAST) on Thursday reported fourth-quarter net income of $245.6 million.

On a per-share basis, the Winona, Minnesota-based company said it had profit of 43 cents.

The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 42 cents per share.

The maker of industrial and construction fasteners posted revenue of $1.7 billion in the period, which also beat Street forecasts. Six analysts surveyed by Zacks expected $1.67 billion.

For the year, the company reported profit of $1.09 billion, or $1.89 per share. Revenue was reported as $6.98 billion.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FAST at https://www.zacks.com/ap/FAST

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