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Stock impact report

Why NOW Inc. Stock Is Soaring Today [The Motley Fool]

DNOW Inc. (DNOW) 
Last dnow inc. earnings: 2/19 06:45 am Check Earnings Report
US:NYSE Investor Relations: ir.distributionnow.com/investor-overview
Company Research Source: The Motley Fool
The oil-field equipment distributor impressed investors. Matthew DiLallo ( TMFmd19 ) Nov 1, 2018 at 3:42PM What happened Shares of NOW Inc.  ( NYSE:DNOW ) took off on Thursday, rallying more than 11% by 3 p.m. EDT after the oil-field equipment distribution company reported strong third-quarter results . So what NOW hauled in $822 million of revenue during the third quarter. That was $16 million ahead of analysts' expectations and a nearly 18% improvement from the year-ago period while also being about 6% higher than the second quarter. Driving that strong result was NOW's U.S. business, where sales leaped nearly 25% year over year as higher oil prices gave drillers the cash to ramp up their activity levels. Image source: Getty Images. That strong revenue growth helped drive NOW's adjusted earnings to $0.15 per share. That not only bea Show less Read more
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