National Oilwell Varco, Inc. (NOV) reported third quarter net income attributable to company of $385 million or $0.92 per share, compared to $548 million or $1.31 per share last year.
Net income excluding transaction and restructuring charges was $396 million, or $0.95 per share for the quarter.
On average, 23 analysts polled by Thomson Reuters expected the company to report earnings of $0.79 per share. Analysts' estimates typically exclude special items.
Total revenue declined to $3.09 billion from $3.61 billion in the prior year quarter. Fourteen analysts estimated revenues of $2.9 billion.
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