Reported Wednesday, Patterson-UTI Energy Q2 EPS $0.03 Misses $0.09 Estimate, Sales $1.35B Miss $1.42B Estimate

Patterson-UTI Energy (NASDAQ:PTEN) reported quarterly earnings of $0.03 per share which missed the analyst consensus estimate of $0.09 by 66.67 percent. This is a 93.02 percent decrease over earnings of $0.43 per share from the same period last year. The company reported quarterly sales of $1.35 billion which missed the analyst consensus estimate of $1.42 billion by 5.07 percent. This is a 77.63 percent increase over sales of $758.88 million the same period last year.