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.
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