NOV Inc. reports Q1 EPS 30c, consensus 27c

Reports Q1 revenue $2.16B, consensus $2.11B. “NOV had a solid start to 2024,” stated Clay Williams, Chairman, President, and CEO. “Ten percent year-over-year revenue growth for the first quarter was led by very strong growth in both international land and offshore markets. We continue to see high interest in new digital, automation and performance technologies NOV has introduced that are delivering safer and more efficient oilfield operations. We believe these will provide the Company a foundation for continued growth for the next several years as operators press for lower emissions, and improved operating and financial performance.”