NOV Inc. Bottom Line Rises In Q2, Beats Estimates

(RTTNews) - NOV Inc. (NOV) revealed a profit for its second quarter that increased from last year and beat the Street estimates.

The company's earnings totaled $226 million, or $0.57 per share. This compares with $155 million, or $0.39 per share, in last year's second quarter.

Analysts on average had expected the company to earn $0.35 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 5.9% to $2.216 billion from $2.093 billion last year.

NOV Inc. earnings at a glance (GAAP) :

-Earnings (Q2): $226 Mln. vs. $155 Mln. last year. -EPS (Q2): $0.57 vs. $0.39 last year. -Revenue (Q2): $2.216 Bln vs. $2.093 Bln last year.