Varco International Inc.: The Orange manufacturer of...
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Varco International Inc.: The Orange manufacturer of oil and gas drilling equipment reported first quarter net income of $2.4 million, equal to 7 cents per share, down 25% from $3.2 million, or 11 cents per share, for the same period a year ago. Revenue of $47.3 million was up 2% from $46.4 a year earlier. The company said its results were affected by sharply lower drilling activity in the United States.
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