Patterson-UTI Energy reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Patterson-UTI Energy announced earnings per share of $-0.45 on revenue of $445.9M. Analysts polled by anticipated EPS of $-0.46 on revenue of $439.43M. That with comparison to EPS of $-0.14 on revenue of $704.17M in the same period a year before. Patterson-UTI Energy had reported EPS of $-0.43 on revenue of $492.3M (NYSE:MMM) in the previous quarter. Analysts are expecting EPS of $-0.58 and revenue of $327.22M in the upcoming quarter.
Patterson-UTI Energy shares are down 78% from the beginning of the year , still down 85.85% from its 52 week high of $16.26 set on April 23, 2019. They are under-performing the Nasdaq which is down 6.02% year to date.
Patterson-UTI Energy follows other major Energy sector earnings this month
Patterson-UTI Energy's report follows an earnings matched by Schlumberger on April 17, who reported EPS of $0.25 on revenue of $7.46B, compared to forecasts EPS of $0.25 on revenue of $7.53B.
Tatneft ADR had missed expectations on March 31 with first quarter EPS of $2.5 on revenue of $3.08B, compared to forecast for EPS of $3.34 on revenue of $4.26B.
Stay up-to-date on all of the upcoming earnings reports by visiting 's earnings calendar
