Patterson-UTI Energy Q3 Adj EPS $0.20 Misses $0.24 Estimate, Sales $1.01B Beat $990.70M Estimate
Portfolio Pulse from Benzinga Newsdesk
Patterson-UTI Energy (NASDAQ:PTEN) reported Q3 adjusted earnings of $0.20 per share, missing the analyst consensus estimate of $0.24 by 16.67%. This is a 28.57% decrease from the same period last year. However, the company reported quarterly sales of $1.01 billion, beating the analyst consensus estimate of $990.70 million by 1.95%, a 38.83% increase from last year.
November 08, 2023 | 7:04 am
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Patterson-UTI Energy's Q3 earnings missed estimates, but sales exceeded expectations. This mixed result could lead to uncertainty in the stock's short-term performance.
Patterson-UTI Energy's Q3 earnings missed estimates, which could negatively impact the stock. However, the company's sales exceeded expectations, which could have a positive effect. The mixed results create uncertainty about the short-term performance of the stock.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100