Why National Oilwell Varco Stock Is Soaring Today
Shares of National Oilwell Varco (NYSE: NOV) jumped more than 14% by 1:30 p.m. EDT on Tuesday. Propelling shares of the energy company was its third-quarter report.
On the surface, National Oilwell Varco's third-quarter report wasn't all that awe-inspiring. Revenue fell 0.3% from the second quarter and 1.3% year over year. Meanwhile, the company reported a loss of $244 million, or $0.64 per share, which was well below the $0.12-per-share profit that analysts anticipated.
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Source Fool.com
