National Oilwell Varco Reports Second Quarter 2019 Results
NOV Inc. (NOV)
Last nov inc. earnings: 4/27 06:45 pm
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Source: Business Wire
HOUSTON--(BUSINESS WIRE)--National Oilwell Varco, Inc. (NYSE: NOV) today reported second quarter 2019 revenues of $2.13 billion, an increase of 10 percent compared to the first quarter of 2019 and an increase of one percent from the second quarter of 2018. Net loss for the second quarter of 2019 was $5.39 billion, which included non-cash, pre-tax charges (“other items”, see Other Corporate Items for additional detail) of $5.77 billion. Adjusted EBITDA (operating profit excluding depreciation, amortization, and other items) increased $55 million sequentially to $195 million, or 9.1 percent of sales.“NOV continues to face challenging cross-currents as it navigates a generational oilfield downturn. International and offshore markets are exhibiting growth, while North America land markets are declining as customers slash spending. Nevertheless, consolidated results improved sequentially in each of our three business segments, as we pivot to higher-growth areas,” commented Clay William
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NOV
News
- NOV Declares Regular Quarterly DividendBusiness Wire
- Venture Builder VC Launches NOV Supernova Accelerator to Drive Digital Transformation in Upstream Oil & Gas with Disruptive Startups [Yahoo! Finance]Yahoo! Finance
- Venture Builder VC Launches NOV Supernova Accelerator to Drive Digital Transformation in Upstream Oil & Gas with Disruptive StartupsBusiness Wire
- NOV Inc. (NYSE: NOV) was downgraded by analysts at Citigroup Inc. from a "buy" rating to a "neutral" rating. They now have a $18.00 price target on the stock, down previously from $21.00.MarketBeat
- NOV Inc. (NYSE: NOV) had its price target lowered by analysts at Wells Fargo & Company from $16.00 to $15.00. They now have an "underweight" rating on the stock.MarketBeat
NOV
Earnings
- 10/24/24 - Miss
NOV
Sec Filings
- 11/21/24 - Form 4
- 11/12/24 - Form SC
- 11/8/24 - Form 4
- NOV's page on the SEC website