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Patterson-UTI Energy Sees Q4 Net Income Exceeding $100 Mln
(RTTNews) - Providing an update on the fourth quarter results on Wednesday, oilfield services provider Patterson-UTI Energy, Inc. (PTEN) announced that it expects its net income for the fourth quarter of 2022 to exceed $100 million and its adjusted EBITDA for the fourth quarter of 2022 to surpass $230 million, based on current projections.
In aggregate, the Company has returned $74.3 million to shareholders in the fourth quarter through its regularly scheduled dividend and the purchase of approximately 3.3 million shares of its common stock for $57.2 million. The Company also repurchased $22.4 million of its long-term indebtedness during the fourth quarter.
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U.S. Consumer Sentiment Deteriorates More Than Previously Estimated In October
Revised data released by the University of Michigan on Friday showed consumer sentiment in the U.S. deteriorated by more than initially estimated in the month of October. The University of Michigan said its consumer sentiment index was downwardly revised to 53.6 from the preliminary reading of 55.0. Economists had expected the consumer sentiment index to be unrevised from the preliminary reading.
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Před 35 minutami
U.S. Consumer Prices Rise 0.3% In September, Slightly Less Than Expected
A closely watched report released by the Labor Department on Friday showed consumer prices in the U.S. increased by slightly less than expected in the month of September. The Labor Department said its consumer price index rose by 0.3 percent in September after climbing by 0.4 percent in August. Economists had expected consumer prices to rise by another 0.4 percent.
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Před 1 h 18 min
Eurozone Private Sector Growth At 17-Month High
The euro area private sector growth accelerated to a 17-month high in October as new orders registered a steeper growth despite continuing fall in business from abroad. The flash HCOB composite output index climbed unexpectedly to 52.2 in October from 51.2 in September. The reading was expected to fall to 51.0.
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Před 1 h 35 min
Bay Street Likely To Open With Positive Bias
Higher Canadian and U.S. futures, firm crude oil prices and data showing a smaller than expected increase in U.S. consumer price inflation in the month of September suggest a positive start for the Canadian market on Friday.
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Před 2 h 8 min
U.S. Consumer Prices Rise Slightly Less Than Expected In September
A closely watched report released by the Labor Department on Friday showed consumer prices in the U.S. increased by slightly less than expected in the month of September.
RTTNews
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Před 2 h 31 min
FTSE 100 Retreats After Positive Start
U.K. stocks opened on a positive note Friday morning after data showed an unexpected increase in UK retail sales in September. However, the market turned a bit easy subsequently, due largely to selling in some mining stocks as metal prices dropped from record highs.
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Před 3 h 38 min
Pound Falls Against Majors
The pound weakened against other major currencies in the European session on Friday.
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Před 3 h 59 min
CAC 40 Down Nearly 0.5% In Cautious Trade
French stocks are showing weakness on Friday after preliminary data showed a drop in the nation's services sector activity in the month of October. Investors are also reacting to corporate earnings updates, and awaiting the release of delayed U.S. inflation figures for September.
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Před 4 h 25 min
