NOW Inc (DNOW) reported quarterly earnings results on Wednesday, May-4-2016. The company reported $-0.35 EPS for the quarter. Analysts had a consensus estimate of $-0.35. The company posted revenue of $548.00 million in the period, compared to analysts expectations of $539.92 million. The company’s revenue was down -36.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.02 EPS.
NOW Inc closed down -0.16 points or -0.89% at $17.9 with 10,82,578 shares getting traded on Monday. Post opening the session at $18.12, the shares hit an intraday low of $17.64 and an intraday high of $18.195 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
NOW Inc. (NOW) is a global distributor to energy and industrial markets. The Company operates through three segments: United States (U.S.) Canada and International. The Company operates primarily under the DistributionNOW and Wilson Export brands. Its energy product offering is needed throughout all sectors of the oil and gas industry from upstream drilling and completion exploration and production (E&P) midstream infrastructure development to downstream petroleum refining as well as in other industries. It also provides supply chain management to drilling contractors E&P operators midstream operators downstream energy and industrial manufacturing companies around the world. The Company’s global product offering includes consumable maintenance repair and operating (MRO) supplies pipe valves fittings flanges electrical artificial lift solutions mill tools safety supplies and spare parts to support customers’ operations.