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July 26 (Reuters) – National Oilwell Varco Inc, the
largest U.S. oilfield equipment maker, reported a 26 percent
rise in quarterly profit as demand for new drilling equipment
stays high.
Net profit rose to $605 million, or $1.42 per share, for the
second quarter from $481 million, or $1.13 per share, a year
earlier.
Excluding charges, it earned $1.46 per share.
Revenue increased 35 percent to $4.7 billion.
