Investing.com - National Oilwell Varco (NYSE:NOV) reported on Monday second quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
National Oilwell Varco announced earnings per share of $-0.08 on revenue of $1.5B. Analysts polled by Investing.com anticipated EPS of $-0.13 on revenue of $1.55B.
National Oilwell Varco shares are down 48% from the beginning of the year and are trading at $12.99 , down-from-52-week-high.They are under-performing the S&P 500 which is up 0.27% from the start of the year.
National Oilwell Varco follows other major Energy sector earnings this month
National Oilwell Varco's report follows an earnings beat by Equinor ADR on Friday, who reported EPS of $0.2 on revenue of $8.04B, compared to forecasts EPS of $-0.01 on revenue of $9.02B.
Schlumberger had beat expectations on Friday with second quarter EPS of $0.05 on revenue of $5.36B, compared to forecast for EPS of $-0.01 on revenue of $5.37B.
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