Why HD Supply Holdings (HDS) Stock Is Up On Tuesday

NEW YORK (TheStreet) -- Shares of HD Supply Holdings Inc. (HDS) are up 1.83% to $28.10 after the company reported a 15% increase in adjusted EBITDA to $190 million for the 2014 first quarter, compared to $165 million for the 2013 first quarter.

The company, which is an industrial distributor in North America, announced a 6% increase in net sales to $2.2 billion for the most recent quarter, versus net sales of $2.1 billion for the year ago quarter.

HD Supply said it cut its net loss for the 2014 first quarter by $119 million, to -$12 million, or -6 cents per diluted share, compared to a loss of -$131 million, or -$1.00 for the first quarter 2013.

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