NOV Q4 Earnings Surpass Estimates, Revenues Increase Y/Y
Energy Transfer(ET) Zacks Investment Research·2024-02-02 22:05
NOV Inc. (NOV) reported fourth-quarter 2023 adjusted earnings of 54 cents per share, which beat the Zacks Consensus Estimate of 41 cents. Moreover, the bottom line improved from the year-ago quarter’s level of 26 cents due to improving execution, customer demand and pricing.NOV’s total revenues of $2.34 billion surpassed the Zacks Consensus Estimate by 3.5% and rose 11.4% from the year-ago quarter’s figure of $2.1 billion.The improvement in both earnings and revenues can be attributed to the robust performa ...