NOW, Inc. (DNOW) Tops Q1 EPS by 6c

NOW, Inc. (NYSE: DNOW) reported Q1 EPS of ($0.15), $0.06 better than the analyst estimate of ($0.21). Revenue for the quarter came in at $631 million versus the consensus estimate of $605.22 million.

• Revenues were $631 million for the first quarter of 2017, up 17 percent sequentially and 15 percent year over year.
• Net loss was $23 million for the first quarter of 2017, versus losses of $71 million in the fourth quarter of 2016 and $63 million a year ago. Non-GAAP net loss excluding other costs was $16 million compared to $31 million in the fourth quarter of 2016 and $38 million a year ago.
• Diluted loss per share was $0.21 for the first quarter of 2017 compared to $0.66 in the fourth quarter of last year. Non-GAAP diluted loss per share excluding other costs was $0.15 for the first quarter of 2017 compared to $0.29 in the prior quarter.
• Non-GAAP EBITDA excluding other costs for the first quarter of 2017 was a loss of $9 million, or negative 1.4 percent of sales, compared to losses of $31 million in the fourth quarter of 2016 and $51 million in the first quarter of 2016.

For earnings history and earnings-related data on NOW, Inc. (DNOW) click here.

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