NOW, Inc. (DNOW) Reports In-Line Q1 EPS

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Go back to NOW, Inc. (DNOW) Reports In-Line Q1 EPS

NOW Inc. Announces First Quarter 2016 Results

May 4, 2016 6:45 AM EDT

HOUSTON--(BUSINESS WIRE)-- NOW Inc. (NYSE: DNOW) reported for its first quarter ended March 31, 2016 a net loss of $63 million, or $0.59 per fully diluted share, compared to net loss of $10 million, or $0.09 per fully diluted share in the same period of 2015. Excluding other costs, net loss was $38 million or $0.35 per fully diluted share. Other costs in the first quarter of 2016 included $4 million in acquisition-related and severance charges and an after-tax charge of $23 million related to a deferred tax asset valuation allowance.

Also included in the first quarter ended March 31, 2016 results, but not... More