HD Supply Holdings Falls To Loss In Q1

(RTTNews) - HD Supply Holdings Inc. (HDS) Tuesday reported a fall to loss for the first quarter to $14 million from profit of $242 million in the prior year. On a per share basis, loss was $0.07 compared to profit of $1.21 last year. On an adjusted income was $103 million or $0.51 per share.

On average, 16 analysts polled by Thomson Reuters expected the company to earn $0.47 per share. Analysts estimates usually exclude special items.

Net sales increased 7 percent to $1.781 billion from $1.660 billion in the prior year. Wall Street was looking for $1.84 billion.

Looking ahead to the second quarter, the company expects adjusted net income per share in the range of $0.85 to $0.90 per share.