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.