Now: 2Q Earnings Snapshot

August 2, 2018

HOUSTON (AP) _ Now Inc. (DNOW) on Thursday reported second-quarter net income of $14 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the Houston-based company said it had net income of 12 cents. Earnings, adjusted for non-recurring gains, came to 10 cents per share.

The results beat Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 3 cents per share.

The energy and industrial distribution company posted revenue of $777 million in the period, also surpassing Street forecasts. Eight analysts surveyed by Zacks expected $760.8 million.

Now shares have risen 33 percent since the beginning of the year. The stock has declined 6.5 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DNOW at https://www.zacks.com/ap/DNOW

Update hourly