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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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Indian Rupee Falls To More Than 5-month Low Against U.S. Dollar
The Indian rupee weakened against the U.S. dollar in the European session on Tuesday, after U.S. President Donald Trump indicates an increased import duty rate for India.
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vor 18 Minuten
Sensex, Nifty End Modestly Higher In Cautious Trade
Indian shares ended modestly higher on Wednesday, adding to the previous session's gains, after the International Monetary Fund (IMF) has upgraded its growth forecasts tor India to 6.4 percent for both 2025-26 and 2026-27, citing strong consumption growth.
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vor 36 Minuten
DAX Modestly Higher As Investors React To Earnings Updates
German stocks are turning in a mixed performance on Wednesday with investors digesting a slew of corporate earnings announcements, and regional economic data, while continuing to assess the developments on the trade front.
Investors are also awaiting the Federal Reserve's monetary policy announcement due later in the day.
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vor 45 Minuten
European Shares Mixed Amid Earnings Deluge
European stocks were mixed on Wednesday as investors assessed mostly positive regional data and a slew of corporate earnings.
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vor 1Std 33 Minuten
Yen Rises Ahead Of Fed And BoJ Policy Decisions
The Japanese yen strengthened against other major currencies in the Asian session on Tuesday, as traders remain cautious ahead of Federal Reserve and Bank of Japan policy decisions.
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vor 2Std 5 Minuten
Asian Shares Mixed As Aug 1 Deadline Looms
Asian stocks ended mixed in cautious trade on Wednesday as caution prevailed ahead of big U.S. tech earnings, the Fed and BoJ rate decisions, and the August 1 tariff deadline. Upcoming U.S. inflation and jobs data also remained on investors' radar.
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vor 2Std 13 Minuten
French GDP Growth Beats Expectations
The French economy logged a faster-than-expected growth in the second quarter on recovering household spending, official data showed Wednesday. Gross domestic product grew 0.3 percent from a quarter ago, the statistical office INSEE showed on Wednesday. The economy was expected to grow at a steady pace of 0.1 percent in the second quarter.
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vor 3Std 55 Minuten
Singapore Central Bank Maintains Monetary Policy
Singapore central bank maintained its monetary policy on Wednesday after easing twice this year, as there are risks to growth from renewed trade conflicts and geopolitical shocks. The Monetary Authority of Singapore said it will maintain the prevailing rate of appreciation of the S$NEER policy band and there will be no change to its width and the level at which it is centered.
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vor 5Std 0 Minuten
