NOV Q2 Earnings Surpass Estimates, Revenues Increase Y/Y

NOV Inc. (NOV) reported second-quarter 2024 adjusted earnings of 57 cents per share, which beat the Zacks Consensus Estimate of 35 cents and increased from the year-ago quarter’s level of 39 cents. The outperformance can be attributed to improving execution, customer demand and pricing.The oil and gas equipment and services company’s total revenues of $2.2 billion surpassed the Zacks Consensus Estimate by 1.5%. The top line also increased 5.9% from the year-ago quarter’s figure of$ 2.1 billion. The better-t ...