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National Oilwell Varco warns of revenue miss

“NOV, +0.69% warned that first-quarter revenue would miss current expectations, as customers deferred deliveries and delayed making new order commitments” writes Reporter Editor for The oil services company said it now expects revenue of $1.80 billion, below the FactSet consensus of $1.95 billion.The company said all three of its business segments will report sequentially lower revenue, and expects to report an operating loss of about $1 million.

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