NOV Inc
NOV: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|.X | LOCK|#% | LOCK|!d#J%^ |
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.
