NOV Inc. Reports Higher Q3 Profit, Revenue Up 2.3% to $2.23 Billion

NOV Inc. (NOV) said its third-quarter profit rose from a year earlier, with GAAP earnings of $90 million, or $0.25 per share, compared with $42 million, or $0.11 per share, last year. Revenue for the period increased 2.3% to $2.226 billion from $2.176 billion a year earlier, the oilfield equipment maker said. The company disclosed the results without providing further detail in the announcement.