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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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Singapore Bourse May Snap Losing Streak
The Singapore stock market has finished lower in three straight sessions, sinking more than 20 points or 0.5 percent in that span. The Straits Times Index now sits just beneath the 4,430-point plateau although it may stop the bleeding on Monday.
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Little Movement Seen For Malaysia Stock Market
The Malaysia stock market turned lower again on Friday, one day after ending the two-day slide in which it had slipped almost 7 point or 0.5 percent. The Kuala Lumpur Composite Index now sits just shy of the 1,610-point plateau and it figures to remain in that neighborhood again on Monday.
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Australia Manufacturing PMI Slips Into Contraction - S&P Global
The manufacturing sector in Australia fell into contraction territory in October, the latest survey from S&P Global revealed on Monday with a Performance of Manufacturing Index score of 49.7.
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New Zealand Building Permits Jump 7.2% In September
The total number of building permits issued in New Zealand was up a seasonally adjusted 7.2 percent on month in September, Statistics New Zealand said on Monday - coming in at 3,747.
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Tech Shares May Boost South Korea Stock Market
The South Korea stock market has tracked higher in three straight sessions, advancing almost 100 points or 2.5 percent in that span. Now at another fresh record closing high, the KOSPI sits just above the 4,100-point plateau and it may tick higher again on Monday.
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Australia Building Approval Data Due On Monday
Australia will on Monday release September figures for building approvals, highlighting a busy day for Asia-Pacific economic activity. In August, approvals were down 6.0 percent on month and 1.2 percent on year.
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Canadian Dollar Drops Against Most Majors
The Canadian dollar fell against its most major counterparts in the New York session on Friday.
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Swiss Market Settles Moderately Lower
The Switzerland market ended weak on Friday, in line with markets across Europe, as investors chose to trim down positions at several counters, continuing to react to earnings updates and assessing the developments on the trade front.
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