Patterson-UTI (PTEN) Reports Break-Even Earnings for Q3

Patterson-UTI (PTEN) reported break-even quarterly earnings per share versus the Zacks Consensus Estimate of $0.01. This compares to earnings of$0.20 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -100%. A quarter ago, it was expected that this provider of onshore contract drilling services would post earnings of $0.09 per share when it actually produced earnings of$0.05, delivering a surprise of -44.44%.Over the last four ...