NOV sinks to lowest close since July after issuing downside revenue guidance (NYSE:NOV)

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Oil Field.

Leonid Ikan/iStock via Getty Images

NOV (NYSE:NOV) finished Friday’s trading -11.2% to post its lowest close in nearly seven months despite easily beating Q4 earnings estimates, after saying it sees FY 2024 revenues rising by a below-consensus 4%-8%, citing expected oilfield spending declines in North America.

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