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NOV: Q2 Earnings Insights

NOV (NYSE:NOV) reported its Q2 earnings results on Wednesday, July 27, 2022 at 05:00 PM. Here's what investors need to know about the announcement. Earnings NOV beat estimated earnings by 350.0%, reporting an EPS of $0.18 versus an estimate of $0.04.

Benzinga · 07/27/2022 18:06

NOV (NYSE:NOV) reported its Q2 earnings results on Wednesday, July 27, 2022 at 05:00 PM.

Here's what investors need to know about the announcement.

Earnings

NOV beat estimated earnings by 350.0%, reporting an EPS of $0.18 versus an estimate of $0.04.

Revenue was up $310.00 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.04 which was followed by a 2.63% drop in the share price the next day.

Here's a look at NOV's past performance:

Quarter Q1 2022 Q4 2021 Q3 2021 Q2 2021
EPS Estimate -0.05 -0.04 -0.09 -0.13
EPS Actual -0.01 -0.10 -0.09 -0.03
Revenue Estimate 1.42B 1.46B 1.42B 1.38B
Revenue Actual 1.55B 1.52B 1.34B 1.42B

To track all earnings releases for NOV VISIT THEIR EARNINGS CALENDAR HERE.

This article was generated by Benzinga's automated content engine and reviewed by an editor.