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 $0.1081 on revenue of $622.24M. Analysts polled by Investing.com anticipated EPS of $-0.032 on revenue of $569.96M.
Patterson-UTI Energy shares are up 78% from the beginning of the year and are trading at $15.060 , down-from-52-week-high.They are outperforming the Nasdaq which is down 23.71% from the start of the year.
Patterson-UTI Energy shares lost 1.63% in intra-day trade the report.
Patterson-UTI Energy follows other major Energy sector earnings this month
Patterson-UTI Energy's report follows an earnings beat by Shell ADR on Thursday, who reported EPS of $3.08 on revenue of $100.06B, compared to forecasts EPS of $2.75 on revenue of $94.53B.
TotalEnergies SE ADR had beat expectations on Thursday with second quarter EPS of $3.75 on revenue of $70.46B, compared to forecast for EPS of $3.7 on revenue of $63.44B.
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