HD Supply: Fiscal 2Q Earnings Snapshot

HD Supply: Fiscal 2Q Earnings Snapshot

On a per-share basis, the Atlanta-based company said it had net income of 79 cents. Earnings, adjusted for pretax expenses and amortization costs, came to $1.08 per share.

The results met Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was also for earnings of $1.08 per share.

The industrial distributor posted revenue of $1.62 billion in the period, which fell short of Street forecasts. Seven analysts surveyed by Zacks expected $1.64 billion.

For the current quarter ending in November, HD Supply expects its per-share earnings to range from 96 cents to $1.05.

The company said it expects revenue in the range of $1.62 billion to $1.67 billion for the fiscal third quarter.

HD Supply expects full-year earnings in the range of $3.45 to $3.60 per share, with revenue ranging from $6.1 billion to $6.2 billion.

HD Supply shares have climbed almost 9% since the beginning of the year. The stock has fallen 4% in the last 12 months.


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


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