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$NOV 2Q15 Call: NOV Rig Systems: Generated revenues of $1.9Bil down 24% sequentially and 19% compared to 2Q14. Revenue at our backlog was 24% sequentially to $1.7Bil. We completed eight offshore drilling equipment packages during the quarter. Operating profit for the segment was $395MM, yielding operating margins of 20.5% up 120 BPs vs. 1Q15.
No better outlook on $MSFT. Even if the results beat a bit, the stock may move 4 to 6% higher, but won't go above $60.