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NOV expects a flat or low single-digit revenue growth year over year, with adjusted EBITDA between $270 million and $305 million for the third quarter of 2024.
NOV Inc. (NYSE:NOV ) Q2 2024 Earnings Conference Call July 26, 2024 11:00 AM ET Company Participants Amie D'Ambrosio - Director, Investor Relations Clay Williams - Chairman, President and CEO Jose Bayardo - Senior Vice President and CFO Conference Call Participants Jim Rollyson - Raymond James James West - Evercore Arun Jayaram - JPMorgan Marc Bianchi - TD Cowen Luke Lemoine - Piper Sandler Stephen Gengaro - Stifel Operator Good day and thank you for standing by. Welcome to Q2 NOV, Inc. Earnings Conference Call.
The headline numbers for Nov Inc. (NOV) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Nov Inc. (NOV) came out with quarterly earnings of $0.57 per share, beating the Zacks Consensus Estimate of $0.35 per share. This compares to earnings of $0.39 per share a year ago.
NOV is anticipated to have generated higher revenues from the year-ago period's level. However, it is expected to have recorded a lower bottom line due to rising costs.