Earnings Preview: National-Oilwell Varco

Published on Wednesday, 01 February 2012 11:52 Written by Gerard Lerod

New York, February 1st (TradersHuddle.com) - Shares of National-Oilwell Varco Inc. (NYSE:NOV) are trading higher by +0.45% 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 January 2^nd.

Wall Street Analysts consensus calls for a profit of $1.3 a share on $4.03 billion revenue.

National-Oilwell Varco estimates have a range of $0.06 a share. The high estimate calls for profit of $1.28 a share and the low estimate is calling for a profit of $1.22 a share, a year ago for the quarter the company reported $1.05 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.