NOW, Inc. (DNOW) Misses Q4 EPS by 2c
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NOW Inc. Announces Fourth Quarter and Full Year 2015 Results
February 23, 2016 6:45 AM ESTHOUSTON--(BUSINESS WIRE)-- NOW Inc. (NYSE: DNOW) reported for its fourth quarter ended December 31, 2015 a net loss of $249 million, or $2.33 per fully diluted share, compared to net income of $16 million, or $0.14 per fully diluted share in the same period of 2014. Excluding other costs, net loss was $27 million or $0.25 per fully diluted share. Other costs in the fourth quarter of 2015 included a pre-tax non-cash impairment charge of $138 million associated with the fair value of goodwill, $3 million in acquisition-related and severance charges and an after-tax charge of $129 million related to a deferred tax asset valuation allowance.... More
