NOW, Inc. (DNOW) Misses Q3 EPS by 15c

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Go back to NOW, Inc. (DNOW) Misses Q3 EPS by 15c

NOW Inc. Announces Third Quarter 2016 Results

November 2, 2016 6:45 AM EDT

HOUSTON--(BUSINESS WIRE)-- NOW Inc. (NYSE: DNOW) reported for its third quarter ended September 30, 2016 a net loss of $56 million, or $0.53 per fully diluted share, compared to net loss of $224 million, or $2.09 per fully diluted share in the same period of 2015. Net loss excluding other costs, a non-GAAP measure, was $36 million or $0.34 per fully diluted share. Other costs in the third quarter of 2016 included $1 million in severance charges and an after-tax charge of $19 million for a valuation allowance recorded against the Companys deferred tax assets.

The Companys revenues for the third quarter of... More