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Stock Market & Financial Investment News

News Breaks
March 12, 2014
07:01 EDTNOVNational Oilwell to reorganize into four financial reporting segments
National Oilwell Varco will reorganize into four financial reporting segments. The new segments will be Rig Systems, Rig Aftermarket, Completion & Production Solutions, and Wellbore Technologies. This reorganization will be effective April 1. The company’s Rig Systems group will continue to focus on designing and manufacturing discrete drilling equipment components, as well as building complete integrated drilling equipment packages for both land and offshore applications. The company’s Rig Aftermarket group will consist of the consumables, spares and service required to maintain the equipment components and packages for the useful lives of the assets. The Completion & Production Solutions group will focus on improving wellbore completions, and oil and gas production technologies. The company’s Wellbore Technologies business group will direct its attention to enhancing drilling performance at the rig, both land and offshore. The company intends to issue historical financial results for these four new reporting segments during the second quarter of 2014, sometime after it makes its previously announced first quarter earnings release. The company will also continue to report the results of its Distribution business group until the completion of the previously announced spinoff of that business as a separately traded public company.
News For NOV From The Last 14 Days
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February 3, 2016
11:37 EDTNOVOptions with increasing put volume; PSX CDNS DF WDR MELI MAS NOV WSM DB
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10:07 EDTNOVHigh option volume stocks: DF WDR KLIC ST CIT PGTI EW ING TSM NOV
09:19 EDTNOVOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Boot Barn (BOOT), up 20.7%... Oclaro (OCLR), up 8.2%... Edwards Lifesciences (EW), up 5.8%... Natural Health (NHTC), up 5.7%... Viavi Solutions (VIAV), up 2.8%. ALSO HIGHER: Conatus (CNAT), up 18.8% after the FDA has granted Fast Track designation to the company's emricasan development program for the treatment of liver cirrhosis... Marvell Technology (MRVL), up 3.3% after Starboard Value disclosed a 6.7% activist stake in the company... Syngenta (SYT), up 2.9% after ChemChina offers to acquire the company in a transaction valued over $43B. DOWN AFTER EARNINGS: Navios Maritime Partners (NMM), down 33.5%... National-Oilwell Varco (NOV), down 7.9%... Chipotle (CMG), down 5.7%... Yahoo (YHOO), down 1.9%... Mondelez (MDLZ), down 4.4%... Illumina (ILMN), down 4.6%... Alexion Pharmaceuticals (ALXN), down 3.5%... Merck (MRK), down fractionally.
06:52 EDTNOVNational Oilwell reports Q4 EPS 23c ex-items, consensus 44c
Reports Q4 revenue $2.72B, consensus $3.04B. Q4 EPS excluded pre-tax charges of $1,634M for goodwill and other intangible asset write-downs, $139M for restructuring and other charges and $7M in FX losses due to a currency devaluation in Argentina.

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