Published on 29 Apr 2024 on Zacks via Yahoo Finance
NOV Q1 Earnings Surpass Estimates, Revenues Increase Y/Y
NOV Inc. NOV reported first-quarter 2024 adjusted earnings of 30 cents per share, which beat the Zacks Consensus Estimate of 27 cents. The outperformance can be attributed to the better-than-expected performances of NOV’s Energy Products and Services and Energy Equipment segments. However, the bottom line declined from the year-ago quarter’s level of 32 cents.
NOV’s total revenues of $2.16 billion surpassed the Zacks Consensus Estimate by 2.6%. The top line also increased 10.1% from the year-ago quarter’s figure of $1.96 billion. This was primarily due to better-than-expected performances in major segments of the company.