NOV's Q3 sales were $2.19 billion, missing estimates by $40 million. Earnings per share were 33 cents, below the expected 36 cents. Cash flow and profitability improved due to growing backlog and demand. Q4 revenues projected to decline by 3%-5% year-over-year. Analysts adjusted price targets down, but maintained positive ratings.
- NOV reported quarterly earnings of $0.30 per share, beating estimates by 11.11%. - Company's revenue of $2.16 billion exceeded estimates by 2.37% - Nov Inc. underperformed the market, shares down 7.2% YTD. Price Impact Rating: Bearish Impact Horizon Rating: Short-term Type: Earnings