 Shares of HD Supply Holdings Inc. rose 1.4 in premarket trading Tuesday, after the industrial distribution company reported a net fiscal first-quarter profit that fell short of expectations but an adjusted profit that beat, amid extraordinary challenges created by the COVID-19 pandemic, but sales beat expectations. Net income for the quarter to May 3 fell to 57 million, or 45 cents a share, from 102 million, or 63 cents a share, in the year-ago period. Excluding non-recurring items, adjusted earnings per share fell to 67 cents from 84 cents. The FactSet consensus for net earnings per share was 46 cents and for adjusted EPS was 54 cents. Sales fell 6.6 to 1.40 billion, but beat the FactSet consensus of 1.37 billion, facilities maintenance sales declined 11.7 to 682 million to miss expectations of 702 million while construction and industrial sales slipped 1.1 to 713 million to beat expectations of 684.3 million. Preliminary net sales for May were 431 million, or a average daily decline of about 7.3, compared with decrease of 22.6 in April, a 0.5 increase in March and a 8.8 rise in February. The company is not providing financial guidance given uncertainties associated with the COVID-19 pandemic. The stock has gained 3.7 over the past three months, while the SP; 500 has rallied 17.7. 