NOW, Inc. (DNOW) Misses Q2 EPS by 4c
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NOW Inc. Announces Second Quarter 2015 Financial Results
August 5, 2015 7:00 AM EDTHOUSTON--(BUSINESS WIRE)-- NOW Inc. (NYSE: DNOW) reported for its second quarter ended June 30, 2015 a net loss of $19 million, or $(0.18) per fully diluted share, compared to first quarter ended March 31, 2015 net loss of $10 million, or $(0.09) per fully diluted share. Excluding $3 million in acquisition and severance related charges, net loss was $17 million, or $(0.16) per fully diluted share.
Also included in our results is a $7 million charge, the impact approximating $(0.04) per fully diluted share, resulting from high-steel-content inventory cost adjustments, related to falling steel prices.
The Companys revenues for the second quarter of 2015... More
