Now: Q2 Earnings Snapshot – Albuquerque Journal

Now: Q2 Earnings Snapshot

HOUSTON — Now Inc. (DNOW) on Wednesday reported a loss of $2 million in its second quarter.

On a per-share basis, the Houston-based company said it had a loss of 2 cents. Earnings, adjusted for non-recurring costs, were less than 1 cent on a per-share basis.

The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 1 cent per share.

The energy and industrial distribution company posted revenue of $400 million in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $393.5 million.

Now shares have risen 34% since the beginning of the year. The stock has increased 18% in the last 12 months.

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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


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