HD Supply: Fiscal 3Q Earnings Snapshot
ATLANTA (AP) _ HD Supply Holdings Inc. (HDS) on Tuesday reported fiscal third-quarter earnings of $82 million.
The Atlanta-based company said it had profit of 45 cents per share. Earnings, adjusted to extinguish debt and for pretax expenses, came to $1 per share.
The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 98 cents per share.
The industrial distributor posted revenue of $1.61 billion in the period, also beating Street forecasts. Five analysts surveyed by Zacks expected $1.59 billion.
For the current quarter ending in January, HD Supply expects its per-share earnings to range from 63 cents to 68 cents.
The company said it expects revenue in the range of $1.38 billion to $1.43 billion for the fiscal fourth quarter.
HD Supply expects full-year earnings in the range of $3.33 to $3.38 per share, with revenue ranging from $5.98 billion to $6.03 billion.
HD Supply shares have decreased 1 percent since the beginning of the year. The stock has climbed slightly more than 9 percent in the last 12 months.