The first quarter was an extremely difficult one for the energy sector given the collapse of crude during the quarter. That difficulty was reflected in DistributionNOW's (NYSE: DNOW) first-quarter report, which was released before the market opened on Wednesday. The company continues to take advantage of the situation using its strong balance sheet to snap up a growing supply of bolt-on businesses.Drilling down into the numbers NOW's revenue slumped 15% during the quarter, down to $548 million.
Similar Stories to Now Inc. Continues To Feel The Brunt Of The Oil Market Downturn on Bing News
newsfeedback@fool.com (Matthew DiLallo), The Motley Fool
Wed, 05/04/2016 - 7:12am
BING NEWS:
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The market breadth was in favour of gainers as around 2,218 shares advanced, 1,464 shares declined, and 105 shares unchanged. SME Shares: Meson Valves jumps 3% on winning order from Singapore ...
04/16/2024 - 10:37 am | View Link - Crude Oil Price Forecast – Crude Continues to See Volatility
The WTI crude oil market had initially tried to rally during the trading session on Tuesday but has turned right back around. At this point, it seems like crude oil is just going to continue to ...
04/16/2024 - 2:47 am | View Link - Crude Oil Price Forecast – Crude Oil Continues to Power Higher
The West Texas Intermediate crude oil market rallied rather significantly during the trading session on Friday, as it looks like crude oil is going to continue to rally rather significantly.
04/12/2024 - 4:41 am | View Link - More
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