NOW Q2 Adj. EPS $0.25 Misses $0.27 Estimate, Sales $594.00M Beat $593.20M Estimate
Portfolio Pulse from Benzinga Newsdesk
NOW (NYSE:DNOW) reported Q2 earnings of $0.25 per share, missing the analyst consensus estimate of $0.27 by 7.41%. This is a 3.85% decrease from the same period last year. However, the company reported quarterly sales of $594.00 million, beating the analyst consensus estimate of $593.20 million by 0.13%. This is a 10.20% increase from the same period last year.
August 04, 2023 | 10:52 am
News sentiment analysis
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NEUTRAL IMPACT
NOW's Q2 earnings per share missed estimates, indicating potential challenges in profitability. However, the company's sales beat estimates, suggesting strong demand for its products/services.
The missed earnings per share estimate could negatively impact the stock as it indicates potential challenges in profitability. However, the beat on sales could offset this as it suggests strong demand for the company's products/services. The net impact on the stock is therefore neutral.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100