Benzinga | Jul 29, 2021 06:03AM EDT

Patterson-UTI Energy Q2 EPS $(0.55) Misses $(0.52) Estimate, Sales $292.00M Miss $292.89M Estimate

Patterson-UTI Energy (NASDAQ:PTEN) reported quarterly losses of $(0.55) per share which missed the analyst consensus estimate of $(0.52) by 5.77 percent. This is a 1.79 percent increase over losses of $(0.56) per share from the same period last year. The company reported quarterly sales of $292.00 million which missed the analyst consensus estimate of $292.89 million by 0.30 percent. This is a 16.62 percent increase over sales of $250.38 million the same period last year.