National oilwell varco reports q1 loss per share of $5.34

National oilwell varco reports first quarter 2020 results.q1 revenue $1.88 billion versus refinitiv ibes estimate of $1.95 billion.completion & production solutions orders booked during quarter totaled $335 million.at march 31, 2020, backlog for capital equipment orders for completion & production solutions was $1.19 billion.reduced planned 2020 capital expenditures by approximately 25% to $250 million.rig technologies orders booked during quarter totaled $146 million.at march 31, 2020, backlog for capital equipment orders for rig technologies was $2.93 billion.raised target for cost-out program we initiated in q2 of 2019 by $395 million.qtrly loss per share $5.34.
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