Benzinga | Jul 23, 2020 06:15AM EDT

Patterson-UTI Energy Q2 Adj. EPS $(0.56) Beats $(0.58) Estimate, Sales $250.38M Beat $239.85M Estimate

Patterson-UTI Energy (NASDAQ:PTEN) reported quarterly losses of $(0.56) per share which beat the analyst consensus estimate of $(0.58) by 3.45 percent. This is a 229.41 percent decrease over losses of $(0.17) per share from the same period last year. The company reported quarterly sales of $250.38 million which beat the analyst consensus estimate of $239.85 million by 4.39 percent. This is a 62.95 percent decrease over sales of $675.76 million the same period last year.