HOUSTON (dpa-AFX) - National Oilwell Varco Inc. (NOV) Thursday announced first quarter net loss attributable to the company of $119 million or $0.32 per share from profit of $310 million or $0.76 per share last year.
On average, 34 analysts polled by Thomson Reuters expected the company to report a loss of $0.10 per share. Analysts estimates usually exclude special items.
Revenue for the quarter plunged to $2.189 billion from $4.820 billion in the prior year. Analysts expected $2.24 billion.
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