DNOW Inc. (DNOW) announced earnings for fourth quarter that decreased from last year but beat the Street estimates.
The company's earnings came in at $23.00 million, or $0.21 per share. This compares with $147.00 million, or $1.35 per share, last year.
Excluding items, DNOW Inc. reported adjusted earnings of $27.00 million or $0.25 per share for the period.
Analysts on average had expected the company to earn $0.13 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 2.9% to $571.00 million from $555.00 million last year.
DNOW Inc. earnings at a glance (GAAP) :
-Earnings: $23.00 Mln. vs. $147.00 Mln. last year.
-EPS: $0.21 vs. $1.35 last year.
-Revenue: $571.00 Mln vs. $555.00 Mln last year.
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