NOV Q2 2024 GAAP EPS $0.57 Beats $0.35 Estimate, Sales $2.216B Beat $2.193B Estimate
Portfolio Pulse from Benzinga Newsdesk
NOV (NYSE:NOV) reported Q2 2024 earnings of $0.57 per share, significantly beating the analyst estimate of $0.35. Sales also surpassed expectations, coming in at $2.216 billion versus the $2.193 billion estimate. Both earnings and sales showed notable year-over-year growth.
July 25, 2024 | 10:01 pm
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NOV reported Q2 2024 earnings of $0.57 per share, beating the analyst estimate of $0.35 by 62.86%. Sales of $2.216 billion also exceeded expectations. Both metrics showed strong year-over-year growth.
The significant beat on both earnings and sales, along with strong year-over-year growth, is likely to positively impact NOV's stock price in the short term.
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