DNOW Shares Rise After Q2 Adjusted Earnings, Revenue Beat Estimates

MT Newswires Live

08/06

DNOW (DNOW) shares were up more than 9% in Thursday trading after the company reported Q2 results that exceeded analysts' estimates.

The company reported Q2 non-GAAP earnings of $0.12 per diluted share, down from $0.27 a year earlier.

Analysts polled by FactSet expected $0.09.

Revenue for the quarter ended June 30 rose to $1.31 billion from $628 million a year earlier.

Analysts expected $1.27 billion.

Price: 15.34, Change: +1.12, Percent Change: +7.88

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