National Oilwell Varco (NOV) Tops Q4 EPS by 7c; Doubles Backlog

National Oilwell Varco (NYSE: NOV) reported Q4 EPS of $1.37, $0.07 better than the analyst estimate of $1.30. Revenue for the quarter came in at $4.26 billion versus the consensus estimate of $4.03 billion.

Backlog for capital equipment orders for the Company’s Rig Technology segment at December 31, 2011 was $10.16 billion, down one percent from the third quarter of 2011, but double year-earlier levels.

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

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