NOW, Inc. (DNOW) Misses Q3 EPS by 4c

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Go back to NOW, Inc. (DNOW) Misses Q3 EPS by 4c

NOW Inc. Announces Third Quarter 2015 Financial Results

November 3, 2015 6:45 AM EST

HOUSTON--(BUSINESS WIRE)-- NOW Inc. (NYSE: DNOW) reported for its third quarter ended September 30, 2015 a net loss of $224 million, or $(2.09) per fully diluted share, compared to second quarter ended June 30, 2015 net loss of $19 million, or $(0.18) per fully diluted share. Excluding other costs, net loss was $18 million or $(0.17) per fully diluted share. Third quarter pre-tax other costs included an estimated $255 million non-cash goodwill impairment associated with the fair value of goodwill and $5 million in acquisition-related and severance charges.

Also included in our third quarter results is a pre-tax $16 million charge, the impact approximating... More