NOW, Inc. (DNOW) Tops Q2 EPS by 6c
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NOW Inc. Announces Second Quarter 2016 Results
August 3, 2016 6:45 AM EDTHOUSTON--(BUSINESS WIRE)-- NOW Inc. (NYSE: DNOW) reported for its second quarter ended June 30, 2016 a net loss of $44 million, or $(0.40) per fully diluted share, compared to net loss of $19 million, or $(0.18) per fully diluted share in the same period of 2015. Other costs had a net zero impact on net loss and diluted earnings per share for the three months ended June 30, 2016. Other costs in the second quarter of 2016 included $3 million in acquisition-related and severance charges and a net $3 million after-tax benefit related to a deferred tax asset valuation allowance release.
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