NOW reported earnings of 14 cents a share for the fourth quarter, missing the Capital IQ Consensus Estimates of 31 cents a share by 17 cents. Revenue fell 3.4% year over year to $1.01 billion for the fourth quarter, below analysts' estimates of $1.06 billion for the quarter.
The company reported $679 million in revenue from the United States in the fourth quarter, up 0.4% from the year-ago quarter, and down 9.2% from the third quarter. Revenue from Canada grew 4% year over year to $180 million, a 7.7% drop from the third quarter. International revenue fell 13.5% year over year to $147 million, down 1.3% from the third quarter.
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"Moving into 2015, we will take a measured approach to successfully navigate the next few quarters and beyond," President and CEO Robert Workman said in a statement. "While the timing of the [oil] recovery is uncertain, our healthy balance sheet positions us well to pursue strategic opportunities that are now presenting themselves in this challenging environment."