National Oilwell Varco (NOV) Tops Q2 EPS by 17c

National Oilwell Varco (NYSE: NOV) reported Q2 EPS of $1.61, ex-items, $0.17 better than the analyst estimate of $1.44. Revenue for the quarter came in at $5.26 billion versus the consensus estimate of $5.51 billion.

Clay Williams, Chairman, President and CEO of National Oilwell Varco, stated, “The second quarter of 2014 was a historic quarter for NOV. In addition to posting strong operating results, and securing $3.4 billion in new capital equipment orders, we are very pleased to have created additional shareholder value by both successfully completing the spin-off of our distribution business, and increasing our regular dividend by over 75 percent. As we move through the second half of 2014, we look forward to continued demand for our drilling, completion and production equipment, and continued strong results from our four new segments.”

For earnings history and earnings-related data on National Oilwell Varco (NOV) click here.

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