NOV Inc (NYSE: NOV) saw its stock soar 5.01% in after-hours trading on Tuesday, following the release of its fourth-quarter and full-year 2024 financial results.
The company reported quarterly earnings of $0.41 per share, beating analyst consensus estimates of $0.39. Revenue for the quarter came in at $2.31 billion, surpassing the consensus estimate of $2.24 billion.
NOV's CEO Clay Williams highlighted the company's solid performance, stating, "NOV's fourth quarter rounded out a solid year during which we grew backlog and revenue, improved profitability, and generated substantial amounts of cash flow." He also noted that the company expects to continue improving profitability and generating healthy levels of cash flow in 2025, despite a challenging macro environment.
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