Patterson-UTI Energy (PTEN) Tops Q1 EPS by 2c
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Patterson-UTI Energy Reports Financial Results for Three Months Ended March 31, 2015
April 23, 2015 6:00 AM EDTHOUSTON, April 23, 2015 /PRNewswire/ --Â PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) today reported financial results for the three months ended March 31, 2015. Â The Company reported net income of $9.1 million, or $0.06 per share, for the first quarter of 2015, compared to net income of $34.8 million, or $0.24 per share, for the quarter ended March 31, 2014. Â Revenues for the first quarter of 2015 were $658 million, compared to $678 million for the first quarter of 2014.
Andy Hendricks, Patterson-UTI's Chief Executive Officer, stated, "In the first quarter, during what has been a sharp decrease in drilling activity across... More
