RTTNews | Apr 27, 2021 11:33PM EDT

23:32 Tuesday, April 27, 2021 (RTTNews.com) - NOV Inc. (NOV) reported that its net loss for the first quarter of 2021 narrowed to $115 million or $0.30 per share from $2.05 billion or $5.34 per share in the prior year.

Revenues were $1.25 billion, a decrease of 34 percent from the prior year.

Wellbore Technologies generated revenues of $413 million in the first quarter of 2021, a decrease of 40 percent from the first quarter of 2020.

Rig Technologies generated revenues of $431 million in the first quarter of 2021, a decrease of 23 percent from the first quarter of 2020.

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