HOUSTON (AP) _ Now Inc. (DNOW) on Thursday reported first-quarter net income of $30 million, after reporting a loss in the same period a year earlier.

The Houston-based company said it had profit of 27 cents per share. Earnings, adjusted for non-recurring gains, were 14 cents per share.

The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 9 cents per share.

The energy and industrial distribution company posted revenue of $473 million in the period.

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