Posted February 14, 2018

NOW Inc. loss lessens on 25.7 percent revenue gain

NOW Inc. reported 2017 revenues of $2.6 billion, a 25.7 percent increase from $2.1 billion the year before.

A net loss of $52 million for the year, or a loss of 48 cents per share, was an improvement from a loss of $230 million, or a loss of $2.18, in 2016.

Revenue was $669 million for the fourth quarter of 2017, up 24 percent year over year, and down 4 percent sequentially versus a reduction in billing days of 5 percent.

Net loss was $3 million for the fourth quarter, or 3 cents per share, versus $71 million, or 66 cents, a year ago.