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Patterson-UTI Energy Fiscal Q2 Loss Narrows, Revenue Rises

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Patterson-UTI Energy (PTEN) reported a Q2 net loss Wednesday of $0.05 per diluted share, compared with a loss of $0.13 a year earlier.

Three analysts polled by FactSet expected loss of $0.03.

Revenue for the quarter ended June 30 was $1.23 billion, up from $1.22 billion a year ago.

Analysts expected $1.15 billion.

Shares of the company were up more than 3% in recent premarket activity Thursday.

Price: $9.64, Change: $+0.31, Percent Change: +3.32%

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