HD Supply Holdings Q3 Earnings, Sales Rise

(RTTNews) - HD Supply Holdings, Inc. (HDS) Tuesday said it recorded a higher profit, and nine percent sales growth for the third quarter.

Industrial Equipment wholesaler's net profit increased to $60 million or $0.30 per share from $51 million or $0.26 per share in the previous year. Excluding certain items, HD Supply Holdings recorded a profit of $111 million or $0.55 per share. On average, 16 analysts polled by Thomson-Reuters estimated earnings to be $0.53. Analysts' estimates typically exclude one-time items.

Sales grew to $2.49 billion from last year's $2.27 billion. Analysts projected revenues to be $2.47 billion.

Looking ahead, the company expects fourth-quarter adjusted earnings from continuing operations between $0.07 and $0.12 per share on sales from continuing operations of $1.99 billion to $2.065 billion.