Fastenal falls after Q3 results

** Shares of industrial supplies distributor Fastenal FAST.O down more than 5% at $48.61 after co's Q3 results

** D.A. Davidson analyst Christopher Dankert says September average daily sales, a closely watched gauge of demand, grew 14.4% y/y, below investor hopes of about 17%-18%

** Adds that investors are focused on the sales miss, despite strong beats on gross and EBIT margins

** Q3 rev of $2.46 bln beats est. of $2.44 bln, per LSEG data

** Profit rises ~21% to 35 cents per share from year-ago quarter

** As of last close, stock had risen 28.16% YTD