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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