HOUSTON (AP) — HOUSTON (AP) — NOV Inc. (NOV) on Monday reported second-quarter profit of $108 million.
On a per-share basis, the Houston-based company said it had net income of 29 cents.
The results did not meet Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of 30 cents per share.
The oil and gas industry supplier posted revenue of $2.19 billion in the period, which topped Street forecasts. Ten analysts surveyed by Zacks expected $2.15 billion.
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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 NOV at https://www.zacks.com/ap/NOV
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