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NOV Q2 Earnings, Revenue Increase; Issues Q3 Revenue Outlook
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NOV Q2 Earnings, Revenue Increase; Issues Q3 Revenue Outlook
Jul 26, 2024 1:34 AM

04:20 AM EDT, 07/26/2024 (MT Newswires) -- NOV (NOV) reported Q2 earnings late Thursday of $0.57 per diluted share, up from $0.39 a year earlier.

Analysts polled by Capital IQ expected $0.35.

Revenue for the quarter ended June 30 was $2.22 billion, compared with $2.09 billion a year earlier.

Analysts surveyed by Capital IQ expected $2.19 billion.

For Q3, the company expects revenue to be flat to up in the low-single-digit percent range. Analysts polled by Capital IQ expect $2.30 billion for the quarter.

Meanwhile, the company now expects 2024 revenue growth to be in the low- to mid-single-digit percent range, compared with the prior outlook of mid-single percentage range. Analysts polled by Capital IQ expect $9.06 billion.

Price: 18.66, Change: -0.01, Percent Change: -0.05

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