Benzinga | Oct 22, 2020 06:14AM EDT

Patterson-UTI Energy Q3 EPS $(0.60) Beats $(0.62) Estimate, Sales $207.14M Beat $196.10M Estimate

Patterson-UTI Energy (NASDAQ:PTEN) reported quarterly losses of $(0.60) per share which beat the analyst consensus estimate of $(0.62) by 3.23 percent. This is a 122.22 percent decrease over losses of $(0.27) per share from the same period last year. The company reported quarterly sales of $207.14 million which beat the analyst consensus estimate of $196.10 million by 5.63 percent. This is a 65.39 percent decrease over sales of $598.45 million the same period last year.