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Patterson-UTI: Q3 Earnings Snapshot
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HOUSTON (AP) — HOUSTON (AP) — Patterson-UTI Energy Inc. (PTEN) on Wednesday reported third-quarter profit of $28.4 million.

On a per-share basis, the Houston-based company said it had profit of 7 cents. Earnings, adjusted for non-recurring gains, came to 4 cents per share.

The results matched Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was also for earnings of 4 cents per share.

The provider of onshore contract drilling services posted revenue of $1.34 billion in the period, beating Street forecasts. Seven analysts surveyed by Zacks expected $1.29 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PTEN at https://www.zacks.com/ap/PTEN

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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