** charts after earnings **
Natl Oilwell Varco misses by $0.22, misses on revs :
- Reports Q4 (Dec) earnings of $0.23 per share, excluding non-recurring items, $0.22 worse than the Capital IQ Consensus of $0.45; revenues fell 52.3% year/year to $2.72 bln vs the $3.04 bln Capital IQ Consensus.
- Other items included pre-tax charges of $1,634 million for goodwill and other intangible asset write-downs, $139 million for restructuring and other charges (which included inventory write-downs, severance and facility closure costs, and other costs), and $7 million in FX losses due to a currency devaluation in Argentina. GAAP net loss for the quarter was $1,523 million, or $4.06 per fully diluted share.
- Backlog for capital equipment orders for Completion & Production Solutions at December 31, 2015 was $969 million, down 17 percent from the third quarter of 2015, and down 46 percent from the fourth quarter of 2014. New orders during the quarter were $272 million.
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