NOW Inc. (NYSE: DNOW) experienced a significant pre-market plunge of 8.00% on Thursday following the release of its first-quarter 2026 financial results.

The sharp decline comes after the company reported quarterly earnings of $0.01 per share, which missed analyst consensus estimates of $0.08 by 87.5%. This represents a dramatic 95.45% decrease compared to earnings of $0.22 per share from the same period last year. While revenue of $1.183 billion beat estimates of $1.083 billion, the company swung to a net loss of $44 million during the quarter.

Investors reacted negatively to the disappointing profitability metrics, particularly the significant earnings miss and the transition from profit to net loss. The market's response in pre-market trading reflects concerns about the company's financial performance despite the revenue beat.