financetom
Business
financetom
/
Business
/
NOV Q3 Earnings Rise, Revenue Flat; Q4 Revenue, 2024 EBITDA Outlook Issued
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
NOV Q3 Earnings Rise, Revenue Flat; Q4 Revenue, 2024 EBITDA Outlook Issued
Nov 3, 2024 11:19 AM

03:44 AM EDT, 10/25/2024 (MT Newswires) -- NOV (NOV) reported Q3 earnings late Thursday of $0.33 per diluted share, up from $0.29 a year earlier.

Analysts polled by Capital IQ expected $0.37.

Revenue for the quarter ended Sept. 30 was $2.19 billion, unchanged from a year earlier.

Analysts surveyed by Capital IQ expected $2.22 billion.

For Q4, the oilfield services and energy industry technology provider expects consolidated revenue to decline 3% to 5%, compared with a year ago. Analysts surveyed by Capital IQ expect $2.35 billion.

For 2024, the company said it expects adjusted EBITDA near the lower end of its prior guidance range of $1.10 billion to $1.18 billion.

NOV shares were up 3.2% in Thursday's after-hours session.

Price: 15.75, Change: +0.49, Percent Change: +3.21

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Copyright 2023-2026 - www.financetom.com All Rights Reserved