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In Dec., $NOV reached a confidential settlement with one of its shipyard customers in Brazil to cancel 7 floating rigs being constructed which reduced backlog by nearly $1.2Bil and led to an year-end backlog of $6.1Bil for the Rig Solutions segment. At year-end, this backlog includes $1.75Bil for the remaining 15 rigs across 3 shipyards in Brazil.
$BABA seems to be on a roll! But increasing its yearly sales outlook from 48% to 54% seems over-expectation from the company's part, doesn't it?
$JNJ down 2% in pre-market trading. Earnings beat expectations, but sales disappointed. Johnson is cautious on its outlook. How it will perform in the future?