NOV Q3 Earnings Lag Estimates, Revenues Rise Year Over Year
NOVNOV(NOV) ZACKS·2024-10-25 22:45

NOV Inc. (NOV) reported third-quarter 2024 adjusted earnings of 33 cents per share, which missed the Zacks Consensus Estimate of 35 cents. The underperformance can be attributed to challenges in execution, customer demand and pricing. However, the bottom line improved from the year-ago quarter’s 29 cents.The oil and gas equipment and services company’s total revenues of $2.2 billion missed the Zacks Consensus Estimate by 2%. However, total revenues increased 0.3% from the year-ago quarter’s figure. Better-t ...