Natl Oilwell Varco beats by $0.01, misses on revs
- Reports Q3 (Sep) loss of $0.07 per share, $0.01 better thanthe Capital IQ Consensus of ($0.08); revenues rose 11.5% year/year to $1.84 bln vs the $1.86 bln Capital IQ Consensus.
- Backlog for capital equipment orders for Rig Systems at September 30, 2017 was $2.01 billion. New orders during the quarter were $84 million. Backlog for capital equipment orders for Completion & Production Solutions at September 30, 2017 was $974 million. New orders during the quarter were $463 million, representing a book-to-bill of 119 percent when compared to the $388 million of orders shipped from backlog. Nearly all of the segment's business units secured orders near or in excess of 100% book-to-bill. Included in the order book was a record-large order for spoolable composite pipe and over 100,000 HP of pressure pumping equipment.
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