HD Supply: Fiscal 1Q Earnings Snapshot
ATLANTA (AP) _ HD Supply Holdings Inc. (HDS) on Tuesday reported fiscal first-quarter earnings of $107 million.
On a per-share basis, the Atlanta-based company said it had profit of 63 cents. Earnings, adjusted for one-time gains and costs, came to 84 cents per share.
The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 80 cents per share.
The industrial distributor posted revenue of $1.49 billion in the period, which met Street forecasts.
For the current quarter ending in August, HD Supply expects its per-share earnings to range from $1.04 to $1.12.
The company said it expects revenue in the range of $1.62 billion to $1.67 billion for the fiscal second quarter.
HD Supply expects full-year earnings in the range of $3.52 to $3.70 per share, with revenue ranging from $6.25 billion to $6.35 billion.
HD Supply shares have risen 13% since the beginning of the year. The stock has dropped almost 1% in the last 12 months.