Patterson-UTI Energy (PTEN) Tops Q3 EPS by 1c, Revenues Beat
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Patterson-UTI Energy Reports Financial Results for Three and Nine Months Ended September 30, 2018
October 25, 2018 6:00 AM EDTHOUSTON, Oct. 25, 2018 /PRNewswire/ -- PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) today reported financial results for the three months ended September 30, 2018.  The Company reported a net loss of $75.0 million, or $0.34 per share, for the third quarter of 2018, compared to a net loss of $33.8 million, or $0.16 per share, for the quarter ended September 30, 2017.  The Company recorded $65.9 million of non-cash impairment charges in the third quarter.  Excluding the impairment charges discussed in more detail below, the net loss for the third quarter of 2018 would have been $21.1 million, or $0.10 per share. Revenues for the third... More
