National Oilwell Varco, Inc. (NOV) reported fourth quarter net income attributable to company of $394 million or $0.94 per share, compared to $585 million or $1.40 per share last year.
Net income excluding transaction and restructuring charges was $404 million, or $0.96 per share for the quarter.
On average, 20 analysts polled by Thomson Reuters expected the company to report earnings of $0.77 per share. Analysts' estimates typically exclude special items.
Total revenue declined to $3.13 billion from $3.81 billion in the prior year quarter.
Thirteen analysts estimated revenues of $2.86 billion.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.