Investing.com - Nov reported on Tuesday first quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Nov announced earnings per share of $-0.3 on revenue of $1.25B. Analysts polled by Investing.com anticipated EPS of $-0.2217 on revenue of $1.26B.
Nov shares are down 1% from the beginning of the year, still down 22.40% from its 52 week high of $17.50 set on March 8. They are under-performing the S&P 500 which is up 11.47% from the start of the year.
Nov follows other major Energy sector earnings this month
Nov's report follows an earnings beat by BP ADR on Tuesday, who reported EPS of $0.777 on revenue of $36.49B, compared to forecasts EPS of $0.4389 on revenue of $52.04B.
Schlumberger had beat expectations on Friday with first quarter EPS of $0.21 on revenue of $5.22B, compared to forecast for EPS of $0.186 on revenue of $5.09B.
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