NOW Q1 2024 Adj EPS $0.21 Misses $0.23 Estimate, Sales $563.000M Miss $569.150M Estimate
Portfolio Pulse from Benzinga Newsdesk
NOW Inc. (DNOW) reported Q1 2024 earnings of $0.21 per share, missing the consensus estimate of $0.23. Quarterly sales were $563 million, below the estimate of $569.150 million, marking a 3.60% decrease from the previous year.
May 10, 2024 | 10:47 am
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NOW Inc. reported lower than expected Q1 2024 earnings and sales, missing both EPS and revenue estimates with a year-over-year sales decrease.
Missing both earnings per share (EPS) and revenue estimates typically leads to negative investor sentiment in the short term, potentially causing a decrease in stock price. The year-over-year sales decrease further compounds the negative outlook, indicating potential underlying issues in sales growth or market demand.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100