<p>HD Supply (NASDAQ: HDS) earnings for fiscal fourth quarter 2019 hit the HDS share on Tuesday. This is despite the fact that the adjusted earnings per share (EPS) of 64 cents beat Wall Street‘s estimate of 55 cents. The industrial distribution company’s revenue of $ 1.39 billion is also above analysts’ estimates of $ 1.38 billion.
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Let us now take a closer look at the latest HD Supply results report.
Adjusted earnings per share decreased by 8.57% from 70 cents during the same period last year. Revenue for the quarter was 4.14% lower than $ 1.45 billion during the fourth quarter of 2018. Operating profit of $ 137 million is a decrease of 8.05% compared to the previous year from $ 149 million. The HD Supply earnings report also includes a net income of $ 78 million. This is a decrease of 15.22% compared to the company’s net profit of $ 92 million during the same period the year before.
Joe DeAngelo, Chairman and CEO of HD Supply, said this about the HDS share income report.
“Even though we ended 2019 with a solid performance, we are entering 2020 with the COVID-19 virus. We are committed to helping our customers succeed in these challenging times by doing everything we can to keep our HD Supply family healthy and focused. ”
The results report for HD Supply does not offer guidance from the company. As with many other companies, DHS chooses not to release prospects due to the ongoing effects of coronavirus from China.
The HDS share fell 3.02% as of Tuesday afternoon.
At the time of writing, William White had no position in any of the above securities.
Article printed from InvestorPlace Media, https://investorplace.com/2020/03/hd-supply-earnings-drop-hds-stock/.
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