NOV Inc. (NOV) Q4 Loss of 21 Cents vs. 25 Cents Expected

NOV Inc. (NOV) reported a fourth-quarter loss of $78 million, or 21 cents per share, missing analyst expectations of 25 cents per share. Revenue reached $2.28 billion, exceeding the $2.17 billion average forecast. For the year, the oil and gas equipment supplier posted a profit of $145 million, or 39 cents per share, on $8.74 billion in revenue.