Will National Oilwell Varco, Inc.'s Recovery Continue in the Third Quarter?
After finally hitting rock bottom earlier this year, National Oilwell Varco's (NYSE: NOV) financial results continued improving during the second quarter. Revenue edged up 1% to $1.76 billion, while the company's adjusted loss of $54 million, or $0.14 per share, narrowed versus the first quarter and the year-ago period. Overall, the results lined up well with what management forecast on the first-quarter conference call.
This quarter, management anticipates that the upward momentum will continue. That's evident from the guidance provided by CFO Jose Bayardo on last quarter's conference call. Here's a look at what he anticipates the company will report across its four operating segments when it releases third-quarter results after markets close on Thursday.
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Source: Fool.com
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