Investing.com - Patterson-UTI Energy reported on Wednesday first quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Patterson-UTI Energy announced earnings per share of $-0.1257 on revenue of $509.38M. Analysts polled by Investing.com anticipated EPS of $-0.2065 on revenue of $512.2M.
Patterson-UTI Energy shares are up 13.07% from the beginning of the year and are trading at $17.110 , down-from-52-week-high.They are outperforming the Nasdaq which is down 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 beat by TotalEnergies SE ADR on Thursday, who reported EPS of $3.4 on revenue of $63.95B, compared to forecasts EPS of $2.97 on revenue of $72.78B.
Schlumberger had beat expectations on Friday, April 22, 2022 with first quarter EPS of $0.34 on revenue of $5.96B, compared to forecast for EPS of $0.3321 on revenue of $5.91B.
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