NOV Inc. (NOV) revealed a profit for its second quarter that increased from last year and beat the Street estimates.
The company's earnings totaled $226 million, or $0.57 per share. This compares with $155 million, or $0.39 per share, in last year's second quarter.
Analysts on average had expected the company to earn $0.35 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 5.9% to $2.216 billion from $2.093 billion last year.
NOV Inc. earnings at a glance (GAAP) :
-Earnings (Q2): $226 Mln. vs. $155 Mln. last year.-EPS (Q2): $0.57 vs. $0.39 last year.-Revenue (Q2): $2.216 Bln vs. $2.093 Bln last year.
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