Varco International Inc. Reports $2.1-Million Loss
- Share via
Varco International Inc., an Orange-based oil services company, reported a net loss of $2.1 million for the first quarter, contrasted with net income of $68,000 for the first quarter of 1986. First-quarter revenues of $7.8 million were down 48% from $15.1 million in the year-ago quarter. The company said its first quarter financial results reflect the continued low level of worldwide drilling activity.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
