HOUSTON — Now Inc. (DNOW) on Wednesday reported third-quarter profit of $10 million.
The Houston-based company said it had profit of 9 cents per share. Earnings, adjusted for pretax gains, came to 8 cents per share.
The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 6 cents per share.
The energy and industrial distribution company posted revenue of $751 million in the period, missing Street forecasts. Six analysts surveyed by Zacks expected $763.3 million.
Now shares have fallen nearly 5% since the beginning of the year. The stock has dropped 30% 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