HD Supply Holdings, Inc. (NASDAQ:HDS) 2Q19 Income Levels With Estimates

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HD Supply Holdings, Inc. (NASDAQ:HDS) an industrial distributor, on Tuesday come out with second quarter financial results before market open.

The company come out with income for the second quarter extended 11.27 percent of $ 135.00 million or $ 0.79 per share, compared to income of $ 131.00 million or $ 0.71 per share for the year-ago quarter.

HDS reported second quarter adjusted net income of $ 183.00 million or or $ 1.08 per share, while The consensus estimates are income of $ 1.08 per share

Topline results for the second quarter escalated 1.50 percent to $ 1624.00 million from $ 1600.00 million in the same quarter last year, where as Wall street analysts are predicting net sales of $ 1632.49 million

Analysts estimates are from Thomson Reuters, exclude one time gain or loss.

Joe DeAngelo, Chairman and CEO of HD Supply, said, We remain confident in our ability to create value by focusing on what we can control, providing the best customer service in the industry, generating strong free cash flow and executing on our capital allocation strategy.

Earnings outlook for 3Q19 are disclosed by HD Supply Holdings, Inc. in a range from $ 0.96 to $ 1.05 per share, while revenues are expected within $ 1620.00 million to $ 1670.00 million

The financial report noted full year 2019 top line outlook in a range of $ 6100.00 million to $ 6200.00 million, where as bottom line are predicted between $ 3.45 and $ 3.60 per share

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