Unit Corp.'s (UNT) third-quarter net income plummeted to $31.45 million or $0.66 per share from $92.28 million or $1.96 per share in the prior year. On average, 7 analysts polled by Thomson Reuters expected earnings per share of $0.62 for the quarter. Analysts' estimate typically excludes one-time items.
Total revenues for the third quarter fell to $167.43 million from $375.56 million in the comparable period. Six analysts estimated revenues of $160.44 million for the quarter.
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