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HD Supply (HDS) Stock Stumbles on Q2 Results, Outlook

NEW YORK (TheStreet) -- Shares of HD Supply (HDS) were dropping 10.34% to $32.51 in pre-market trading on Wednesday after the Atlanta-based industrial distributor posted lower-than-expected results for the 2016 second quarter and weak third quarter guidance.

Before the opening bell, the company reported earnings of 85 cents per share, which fell short of analysts' estimates of 88 cents per share.

Revenue increased 4.1% to $2.02 billion year-over-year, but missed Wall Street's projections of $2.03 billion.

For the third quarter, HD Supply is...