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NYSE:NOV

NOV Q2 2014 Earnings Results & Report

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$19.28 -1.27 (-6.17%)
Closing price 10/28/2026 03:59 PM Eastern
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$19.14 -0.14 (-0.74%)
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NOV beat analyst earnings expectations but missed on revenue in its Q2 2014 results, released July 29, 2014. The company reported EPS of $1.61 versus the $1.45 consensus estimate, while revenue of $5.26 billion fell short of the $5.51 billion estimate by $250 million. Revenue increased 12.3% year over year.

Earnings Announcement Details

Quarter
Q2 2014
Report Date
Time
Before Market Opens

NOV EPS Results

Actual EPS
$1.61
Consensus EPS
$1.45
Beat/Miss
Beat by +$0.16
One Year Ago EPS
$1.33
EPS Beat Rate
2 of last 8 quarters

NOV Revenue Results

Actual Revenue
$5.26 billion
Expected Revenue
$5.51 billion
Beat/Miss
Missed by -$250.00 million
YoY Revenue Growth
+12.30%

Conference Call Resources

NOV Q2 2014 Earnings FAQ

NOV (NYSE:NOV) reported earnings of $1.61 per share for Q2 2014, beating the consensus estimate of $1.45. The report was announced on Tuesday, July 29, 2014.

NOV reported revenue of $5.26 billion for Q2 2014, against a consensus estimate of $5.51 billion.

NOV Earnings Headlines

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About NOV

NOV (NYSE:NOV) (NYSE: NOV) is a Houston-based technology and equipment provider serving the global energy industry. The company develops and manufactures products and systems used in oil and natural gas drilling, well construction, completion and production operations.

Its offerings include land and offshore drilling rigs, rig equipment and components, downhole tools, drill pipe, wellbore technologies, pressure-control systems, and equipment used to enhance production. NOV also provides aftermarket parts, technical support, maintenance and other services designed to help energy companies operate and maintain their equipment.

The company was formed in 2005 through the merger of National Oilwell and Varco International, building on businesses with much longer histories in the oilfield equipment industry. NOV serves customers across major energy-producing regions worldwide, including North America, Latin America, Europe, the Middle East, Africa and Asia-Pacific.

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