Before today's opening bell, the distributor to energy and industrial markets posted a loss of 25 cents per diluted share, wider than the loss of 23 cents per share that analysts' were expecting
Revenue for the period was $644 million and fell short of Wall Street's estimates of $682.65 million.
"During the fourth quarter we continued to see unprecedented declines in drilling activity in North America and abroad," President and CEO Robert Workman said in a statement.
"As long as rig count declines and drilled but uncompleted wells accumulate, our performance will be negatively impacted," he added.
The company stocks and sells a variety of products for the upstream, midstream and downstream and industrial markets.
Separately, TheStreet Ratings Team has a "Sell" rating with a score of D on the stock.
This is driven by several weaknesses, which should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks covered.
The company's weaknesses can be seen in multiple areas, such as its feeble growth in its earnings per share, deteriorating net income, poor profit margins and generally disappointing historical performance in the stock itself.
Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
You can view the full analysis from the report here: DNOW