HD Supply Holdings Q2 Profit Rises; Issues Q3 Outlook - Quick Facts

(RTTNews) - HD Supply Holdings, Inc. (HDS) Wednesday posted second-quarter net income of $109 million, or $0.54 per share, compared to $48 million, or $0.24 per share in the prior year.

Adjusted net income for the latest second quarter increased to $113 million, or $0.56 per share from $71 million, or $0.35 per share in the comparable quarter last year.

On average, 14 analysts polled by Thomson-Reuters estimated earnings to be $0.54. Analysts' estimates typically exclude one-time items.

Net sales grew 6.7% to $2.22 billion from last year's $2.09 billion. Analysts projected revenues to be $2.00 billion.

Looking ahead to the third quarter, the company expects adjusted earnings in the range of $0.63 to $0.68 per share and net sales to be in the range of $2.00 billion to $2.05 billion. Analysts currently expect third quarter earnings of $0.61 per share on revenue of $2.05 billion.