NOV Expects Q3 Consolidated Revenues To Be Flat To Up In The Low- Single Digit Percent Range
Portfolio Pulse from Benzinga Newsdesk
NOV expects Q3 consolidated revenues to be flat to up in the low-single digit percent range. Management anticipates Adjusted EBITDA to be between $270 million and $305 million.
July 25, 2024 | 10:03 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
NOV expects Q3 consolidated revenues to be flat to up in the low-single digit percent range. Management anticipates Adjusted EBITDA to be between $270 million and $305 million.
The guidance provided by NOV indicates stable to slightly positive revenue growth and a solid range for Adjusted EBITDA. This suggests a stable financial outlook for the company in the short term, but the lack of significant growth may not drive a strong positive reaction in the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100