National-Oilwell Varco Ready for its Quarterly Earnings Release

Published on Wednesday, 28 July 2010 11:54 Written by Danny Miller

New York, July 28th (TradersHuddle.com) - Shares of National-Oilwell Varco Inc. (NYSE:NOV) are trading higher by +0.64% ahead of its quarterly earnings release. National-Oilwell Varco, the maker of equipment used in oil and natural gas drilling operations is expected to release its quarterly results on July 29^th.

Wall Street Analysts consensus calls for a profit of $0.93 a share on $2.95 billion revenue.

National-Oilwell Varco estimates have a range of $0.13 a share. The high estimate calls for profit of $1 a share and the low estimate is calling for a profit of $0.87 a share, a year ago for the quarter the company reported $0.9 a share.

National-Oilwell Varco Inc. (NYSE:NOV) designs, manufactures, and sells machinery, equipment, and downhole products used in oil and gas drilling and production. The Company also provides oilfield inspection and other services, and supply chain integration services to the upstream oil and gas industry.