HD Supply Holdings Q1 Adj. Profit Tops View; Issues Q2 Outlook - Quick Facts

(RTTNews) - HD Supply Holdings, Inc. (HDS) Tuesday posted first-quarter net income of $242 million or $1.21 per share, compared to net loss of $12 million or $0.06 per share in the prior year.

Adjusted net income for the latest first quarter increased to $66 million or $0.33 per share from $34 million or $0.17 per share in the comparable quarter last year. On average, 16 analysts polled by Thomson-Reuters estimated earnings to be $0.29. Analysts' estimates typically exclude one-time items.

Net sales grew 6% to $2.22 billion from last year's $2.09 billion. Analysts projected revenues to be $2.22 billion.

Looking ahead to the second quarter, the company expects adjusted earnings in the range of $0.60 to $0.66 per share and net sales to be in the range of $2.50 billion to $2.56 billion. Analysts currently expect second quarter earnings of $0.63 per share on revenue of $2.53 billion.