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National Oilwell Varco Details 1Q 2014 Earnings

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April 29, 2014

National Oilwell Varco Inc. (NYSE: NOV) detailed its earnings for the first-quarter 2014, which ended March 31, the company said April 28.

Net income was down from the fourth-quarter 2013, which ended Dec. 31 of that year, the company said, noting that it was $589 million compared to fourth-quarter 2013’s $658 million.

First-quarter 2014 revenues were $5.78 billion, National Oilwell said. This amount was down 6% from fourth-quarter 2013 and up 9% from first-quarter 2013, the company added.

First-quarter 2014’s operating profit was $880 million, or 15.2% of sales, excluding ...

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