Patterson-UTI Energy (NASDAQ:PTEN) reported quarterly losses of $(0.13) per share which missed the analyst consensus estimate of $(0.08) by 62.5 percent. This is a 186.67 percent decrease over earnings of $0.15 per share from the same period last year. The company reported quarterly sales of $1.162 billion which missed the analyst consensus estimate of $1.246 billion by 6.72 percent. This is a 26.64 percent decrease over sales of $1.584 billion the same period last year.
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