HD Supply: Fiscal 3Q Earnings Snapshot
ATLANTA (AP) _ HD Supply Holdings Inc. (HDS) on Friday reported fiscal third-quarter profit of $1.61 billion.
On a per-share basis, the Atlanta-based company said it had profit of $10.06. Earnings, adjusted for one-time gains and costs, came to 47 cents per share.
The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 45 cents per share.
The industrial distributor posted revenue of $827.5 million in the period, also topping Street forecasts. Six analysts surveyed by Zacks expected $826.7 million.
HD Supply shares have risen 39% since the beginning of the year. The stock has climbed 41% in the last 12 months.