NYSE:NOVEnergy Services
A Look at NOV’s Valuation Following Earnings Drop and Lower Revenue Guidance
NOV (NOV) released its third quarter earnings, showing net income fell sharply from last year, and followed up by forecasting a 5% to 7% decline in year-over-year revenue for the coming quarter. Investors are watching these trends closely.
See our latest analysis for NOV.
NOV has seen a burst of momentum lately, with its 90-day share price return rising 29.4% even as management signaled a softer revenue outlook and appointed a new board member. Still, the stock’s 1-year total shareholder...