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National Oilwell Varco Expected to Lose 6 Cents a Share

National Oilwell Varco (NOV) is expected to report a loss of $24.2 million, or 6 cents a share, on sales of $2.1 billion after the market closes on Monday, based on a FactSet survey of 29 analysts.

In the same period a year ago, the company posted earnings of 6 cents a share on sales of $2.1 billion. It reported a loss of 68 million.

The stock has fallen 18.9% since the company last reported earnings on Apr. 25.

Quarterly estimates have fallen less than 1 cent a share in the past month.

In the upcoming quarter analysts are forecasting a loss of $3.5 million, or 2 cents a share, on sales of $2.2 billion.