Why HD Supply Holdings Stock Popped 10% This Morning

Shares of maintenance and construction supplies distributor HD Supply Holdings (NASDAQ: HDS) jumped more than 10% in early Tuesday trading, before retracing to notch about an 8.3% gain as of 11:35 a.m. EST. The reason, as you might have guessed, is earnings.

This morning, HD Supply reported Q3 2017 earnings of $2.42 per diluted share on sales of $1.37 billion. The company noted that its "adjusted earnings" for the quarter were only $0.80 per share, but even that was better than the $0.75 that Wall Street had expected. HD Supply's revenues, likewise, exceeded expectations.

HD Supply has plans for a great fiscal 2017. Image source: Getty Images.

Source: Fool.com