NOV Q4 Earnings Surpass Estimates, Revenues Decrease Y/Y

NOV Inc. (NOV) reported fourth-quarter 2024 adjusted earnings of 41 cents per share, which beat the Zacks Consensus Estimate of 35 cents. This outperformance can be attributed to better-than-expected cost control and higher-margin projects in its Energy Equipment segment. However, the bottom line decreased from the year-ago quarter’s 54 cents.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.The oil and gas equipment and services company’s total revenues of $2.3 billion beat the Zacks ...