NOV Q1 Earnings Surpass Estimates, Revenues Increase Y/Y

NOV Inc. (NOV) reported first-quarter 2024 adjusted earnings of 30 cents per share, which beat the Zacks Consensus Estimate of 27 cents. The outperformance can be attributed to the better-than-expected performances of NOV’s Energy Products and Services and Energy Equipment segments. However, the bottom line declined from the year-ago quarter’s level of 32 cents.NOV’s total revenues of $2.16 billion surpassed the Zacks Consensus Estimate by 2.6%. The top line also increased 10.1% from the year-ago quarter’s ...