Nov Inc.: Q4 Earnings Snapshot

HOUSTON (AP) — HOUSTON (AP) — NOV Inc. (NOV) on Monday reported fourth-quarter net income of $104 million, after reporting a loss in the same period a year earlier.

The Houston-based company said it had profit of 26 cents per share.

The results exceeded Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of 23 cents per share.

The oil and gas industry supplier posted revenue of $2.07 billion in the period, also beating Street forecasts. Nine analysts surveyed by Zacks expected $1.95 billion.

For the year, the company reported net income of $155 million, or 39 cents per share, swinging to a profit in the period. Revenue was reported as $7.24 billion.


This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on NOV at

Copyright © 2023 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.

More from WTOP

Log in to your WTOP account for notifications and alerts customized for you.

Sign up