NOV Inc. (NOV) announced a profit for fourth quarter that decreased from the same period last year but beat the Street estimates.
The company's bottom line came in at $160 million, or $0.41 per share. This compares with $598 million, or $1.51 per share, last year.
Analysts on average had expected the company to earn $0.36 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period fell 1.5% to $2.308 billion from $2.343 billion last year.
NOV Inc. earnings at a glance (GAAP) :
-Earnings: $160 Mln. vs. $598 Mln. last year.-EPS: $0.41 vs. $1.51 last year.-Revenue: $2.308 Bln vs. $2.343 Bln last year.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.