National Oilwell Varco, Inc (NOV): $NOV I expect the company's operating in...

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National Oilwell Varco, Inc (NOV)

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Re: PARADOX post# 337

Monday, 04/27/2015 6:46:28 PM

Monday, April 27, 2015 6:46:28 PM

$NOV I expect the company's operating income margin of 15% to decline this quarter and possibly in the future. National Oilwell may be able to cut general and administrative expenses (9% of revenue) and engage in layoffs, but the cost reductions will most likely be unable to match the expected 15% sequential revenue decline. Anyway, I would not be surprised if the company announced a round of layoffs similar to that of competitors like Halliburton (NYSE:HAL), Schlumberger (NYSE:SLB) and Baker Hughes (NYSE:BHI). Layoffs at some of the top oil services firms amid the oil industry downturn are now north of 48,000.

http://seekingalpha.com/article/3106766-national-oilwell-varcos-earnings-preview-3-key-items

Purely My Own Opinion. Do Your Own Due Diligence.

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Recent NOV News

Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 10/25/2024 05:07:34 PM
Form 8-K - Current report • Edgar (US Regulatory) • 10/25/2024 12:59:51 PM
NOV Reports Third Quarter 2024 Results • Business Wire • 10/24/2024 09:45:00 PM
Form SCHEDULE 13G - Statement of Beneficial Ownership by Certain Investors • Edgar (US Regulatory) • 10/04/2024 08:12:31 PM
NOV Announces Third Quarter 2024 Earnings Conference Call • Business Wire • 09/23/2024 10:30:00 AM
Form 8-K - Current report • Edgar (US Regulatory) • 09/12/2024 08:06:02 PM
Form SC 13G/A - Statement of Beneficial Ownership by Certain Investors: [Amend] • Edgar (US Regulatory) • 09/10/2024 04:09:00 PM
NOV Declares Regular Quarterly Dividend • Business Wire • 08/15/2024 10:30:00 AM
Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 07/29/2024 04:14:24 PM
Form 8-K - Current report • Edgar (US Regulatory) • 07/26/2024 01:01:19 PM
NOV Reports Second Quarter 2024 Results • Business Wire • 07/25/2024 10:00:00 PM
NOV Announces Second Quarter 2024 Earnings Conference Call • Business Wire • 06/21/2024 10:30:00 AM
Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/16/2024 09:20:43 PM
Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/16/2024 09:19:15 PM
Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/16/2024 09:17:28 PM
Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/16/2024 09:16:49 PM
Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/16/2024 09:14:32 PM
Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/16/2024 09:14:09 PM
Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/16/2024 09:12:24 PM
Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/16/2024 09:10:36 PM
Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/16/2024 09:06:43 PM
Form 8-K - Current report • Edgar (US Regulatory) • 05/16/2024 09:00:34 PM
NOV Announces 50 Percent Increase in Regular Quarterly Dividend • Business Wire • 05/16/2024 10:30:00 AM
NOV Reports First Quarter 2024 Results, Return of Capital Framework, $1 Billion Share Repurchase Authorization, and Plan to Increase Dividend 50% • Business Wire • 04/25/2024 10:09:00 PM
NOV Announces First Quarter 2024 Earnings Conference Call • Business Wire • 03/26/2024 10:30:00 AM

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