Patterson-UTI reports break-even earnings, beats expectations, but shares down 28.8% this year.

From Nasdaq: 2025-04-23 20:25:00

Patterson-UTI (PTEN) reported break-even quarterly earnings per share, beating expectations of a loss of $0.04 and down from $0.15 per share a year ago. The company exceeded revenue estimates by 7.67%, with shares down 28.8% this year. Analysts are mixed on future outlook, with a Zacks Rank #3 (Hold).

Noble Corporation PLC (NE) is expected to report a 31.1% decrease in earnings per share for the quarter ended March 2025, with revenues expected to increase by 34% from the year-ago quarter. Investors should monitor earnings estimate revisions and industry outlook for potential impact on stock performance.

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Read more at Nasdaq: Patterson-UTI (PTEN) Reports Break-Even Earnings for Q1