Markets
NOV

National Oilwell Varco Q2 Loss Narrows

(RTTNews) - National Oilwell Varco Inc. (NOV) reported that its net loss attributable to the company for the second-quarter narrowed to $93 million or $0.24 per share from $5.39 billion or $14.11 per share last year. Analysts polled by Thomson Reuters expected the company to report a loss of $0.13 per share. Analysts' estimates typically exclude special items. The prior year quarter results included goodwill and indefinite-lived intangible asset impairment of $3.19 billion.

Quarterly revenues were $1.50 billion, a decrease of 30 percent from the previous year.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

NOV

Latest Markets Videos

RTTNews

Founded in the late 1990s by Andrew Mariathasan in New York, with the goal of covering Wall Street for a new generation of investors, RTTNews has expanded steadily over the years to become a trusted provider of content for a wide array of subjects across several platforms. RTT's Financial Newswire is relied upon by some of the world's largest financial institutions, including banks, brokerages, trading platforms and financial exchanges.

Learn More