NOV Inc

NOV: XNYS (USA)
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NOV Earnings: Strong Order Growth, Favorable Backlog, and Cost Reductions Position NOV Well

NOV third-quarter revenue decreased both sequentially and year on year by nearly 1% to $2.18 billion, though adjusted EBITDA of $258 million meant it improved margin by 40 basis points to 11.9%. The stock rose roughly 7% during the trading day Oct. 28.

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