HOUSTON (AP) _ NOV Inc. (NOV) on Thursday reported a loss of $50 million in its first quarter.
The Houston-based company said it had a loss of 13 cents per share.
The results fell short of Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for a loss of 6 cents per share.
The oil and gas industry supplier posted revenue of $1.55 billion in the period, topping Street forecasts. Eight analysts surveyed by Zacks expected $1.53 billion.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NOV at https://www.zacks.com/ap/NOV
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