Investing.com - Nov reported on Tuesday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Nov announced earnings per share of $-0.18 on revenue of $1.34B. Analysts polled by Investing.com anticipated EPS of $-0.0771 on revenue of $1.42B.
Nov shares are up 6% from the beginning of the year, still down 18.98% from its 52 week high of $18.02 set on May 18. They are under-performing the S&P 500 which is up 21.8% from the start of the year.
Nov follows other major Energy sector earnings this month
Nov's report follows an earnings beat by Schlumberger on Friday, who reported EPS of $0.36 on revenue of $5.85B, compared to forecasts EPS of $0.3568 on revenue of $5.94B.
Valero Energy had beat expectations on Thursday with third quarter EPS of $1.22 on revenue of $29.52B, compared to forecast for EPS of $0.9216 on revenue of $24.97B.
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