DNOW (DNOW) Beats Q3 Earnings and Revenue Estimates
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DNOW reported Q3 earnings of $0.21 per share, surpassing the Zacks Consensus Estimate of $0.19. This is a decrease from $0.25 per share a year ago.
November 07, 2024 | 2:15 pm
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DNOW reported Q3 earnings of $0.21 per share, beating the Zacks Consensus Estimate of $0.19. This is a positive surprise for investors, although earnings are down from $0.25 per share a year ago.
The positive earnings surprise is likely to have a short-term positive impact on DNOW's stock price as it exceeded analyst expectations. However, the year-over-year decline in earnings may temper some of the enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100