Investing.com - Patterson-UTI Energy reported on Thursday first quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Patterson-UTI Energy announced earnings per share of $-0.57 on revenue of $241M. Analysts polled by Investing.com anticipated EPS of $-0.5577 on revenue of $239.84M.
Patterson-UTI Energy shares are up 17% from the beginning of the year and are trading at $6.81 , down-from-52-week-high.They are outperforming the TR UK 50 which is up 6.43% from the start of the year.
Patterson-UTI Energy follows other major Energy sector earnings this month
Patterson-UTI Energy's report follows an earnings beat by Royal Dutch Shell B ADR on Thursday, who reported EPS of $0.84 on revenue of $55.67B, compared to forecasts EPS of $0.7917 on revenue of $62.93B.
BP ADR had beat expectations on Tuesday with first quarter EPS of $0.777 on revenue of $36.49B, compared to forecast for EPS of $0.4389 on revenue of $52.04B.
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