DNOW Q4 Adj EPS $0.22 Beats $0.17 Estimate, Sales $555.00M Beat $540.83M Estimate
Portfolio Pulse from Benzinga Newsdesk
DNOW reported Q4 adjusted EPS of $0.22, surpassing the $0.17 estimate, with sales of $555M also beating the $540.83M estimate. This represents a 12% decrease in EPS from last year but a 1.46% increase in sales.
February 15, 2024 | 11:49 am
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DNOW reported a Q4 adjusted EPS of $0.22, beating estimates, and sales of $555M, also above expectations. EPS decreased by 12% YoY, but sales increased by 1.46%.
Beating both earnings and sales estimates typically has a positive short-term impact on a company's stock price. The decrease in EPS YoY might temper some enthusiasm, but the overall beat and sales growth indicate strong performance.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100