National Oilwell Varco, Inc.'s Results Continue Their Slight Improvement

National Oilwell Varco, Inc.'s Results Continue Their Slight Improvement

Thanks to a more stable oil market, National Oilwell Varco (NYSE: NOV) posted a slight improvement in its second-quarter results. Revenue came in at $1.76 billion, which was 1% higher than the first quarter and up 2% from the second quarter of last year. That said, the company reported an adjusted loss of $54 million, or $0.14 per share, though that was an improvement both from last quarter and year over year. Overall, the quarter was about as expected.

As the following chart shows, three of National Oilwell Varco's four segments delivered a sequential revenue increase.

Data source: National Oilwell Varco. Chart by author. In millions of dollars.

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Source: Fool.com