Investing.com - Patterson-UTI Energy reported on Thursday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Patterson-UTI Energy announced earnings per share of $-0.56 on revenue of $250.4M. Analysts polled by Investing.com anticipated EPS of $-0.58 on revenue of $240.28M.
Patterson-UTI Energy shares are down 65% from the beginning of the year and are trading at $3.67 , down-from-52-week-high.They are under-performing the Nasdaq which is up 19.32% 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 missed by Suncor Energy on Wednesday, who reported EPS of $-0.73 on revenue of $3.22B, compared to forecasts EPS of $-0.51 on revenue of $3.5B.
Baker Hughes A had missed expectations on Wednesday with second quarter EPS of $-0.05 on revenue of $4.74B, compared to forecast for EPS of $-0.01 on revenue of $4.79B.
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