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HD Supply tops Street 3Q forecasts

ATLANTA (AP) _ HD Supply Holdings Inc. (HDS) on Tuesday reported fiscal third-quarter earnings of $452 million.

The Atlanta-based company said it had profit of $2.42 per share. Earnings, adjusted for one-time gains and costs, were 80 cents per share.

The results beat Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 75 cents per share.

The industrial distributor posted revenue of $1.37 billion in the period, also surpassing Street forecasts. Seven analysts surveyed by Zacks expected $1.34 billion.

For the current quarter ending in January, HD Supply expects its per-share earnings to range from 41 cents to 47 cents.

The company said it expects revenue in the range of $1.14 billion to $1.18 billion for the fiscal fourth quarter.

HD Supply expects full-year earnings in the range of $2.23 to $2.29 per share, with revenue ranging from $5.08 billion to $5.12 billion.

HD Supply shares have fallen 14 percent since the beginning of the year. The stock has fallen almost 7 percent in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HDS at https://www.zacks.com/ap/HDS