Thursday, Patterson-UTI Energy Inc. (PTEN) reported a net loss for the third quarter of $18.6 million or $0.12 per share, compared with a net income of $109 million or $0.69 per share in the prior year period. On average, 12 analysts polled by Thomson Reuters expected the company to report loss of $0.16 per share for the quarter.
Revenues for the quarter fell to $176 million from $609 million in the comparable period. Fourteen analysts estimated revenues of $162.59 million for the quarter.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.