DNOW Stock Falls 7% Despite Higher Revenue In Q1

(RTTNews) - DNOW Inc. (DNOW) is trading at $14.93, down $1.10 or 6.86 percent during Wednesday's trading, after reporting first-quarter revenue of $599 million, up from $563 million in the same quarter last year. Net income held steady at $23 million, matching the figure from the prior quarter and slightly above $21 million year over year.

The stock opened at $15.17 and has moved between $14.38 and $15.92 so far today on the New York Stock Exchange. It previously closed at $16.03. Trading volume stands at 414,064 shares, compared to the average of 1.16 million.

Over the past 52 weeks, shares have traded between $11.42 and $18.45.