HD Supply Swings To Profit In Q2, EPS Beats Estimates - Quick Facts

(RTTNews) - Industrial and construction distributor HD Supply Holdings, Inc. (HDS) Tuesday reported profit for the second quarter compared with a loss last year, particularly citing lower interest expenses. Revenues were up by 9 percent.

The company posted net earnings of $48 million or $0.24 per share compared with a loss of $72 million or $0.47 per share in the second quarter of fiscal 2013. Excluding certain items, earnings per share totaled $0.51. On average, 15 analysts polled by Thomson Reuters expected the company to report profit per share of $0.47 for the quarter. Analysts' estimates typically exclude special items.

Quarterly sales rose to $2.4 billion from $2.2 billion a year ago. Analysts expected revenue of $2.41 billion for the quarter. Interest expenses during the quarter was down to $116 million from $145 million last year.

Looking ahead, for the third quarter, the company expects adjusted earnings per share in the range of $0.48 - $0.55 on revenues of $2.4 billion - $2.5 billion. Analysts project earnings per share of $0.52 on revenue of $2.45 billion.