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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 marketwatch.com. 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.
 
Source: marketwatch.com



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