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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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CAC 40 Drops To 3-week Low On Widespread Selling
France's CAC 40 index dropped to a three-week low on Tuesday with investors choosing to trim down positions in riskier assets amid concerns about the potential impact of the government shutdown in the U.S., some hawkish comments from Fed officials and mixed corporate earnings from the region.
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il y a 1h 18min
DAX Down Sharply As Stocks Tumble On Growth Worries
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Sensex Drops Over 500 Points; Nifty Ends Below 25,600
Indian shares ended Tuesday's session lower after three top Federal Reserve officials pushed back against expectations of another interest rate cut in December.
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il y a 2h 27min
Indian Rupee Rises To 5-day High Against U.S. Dollar
The Indian rupee strengthened against the U.S. dollar in the Asian session on Tuesday, in anticipation that the Reserve Bank of India (RBI) has intervened in the currency market to boost the Indian Rupee.
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il y a 2h 40min
Commodity Currency's Slide Amid Risk-Off Sentiment
The commodity currencies such as Australia, the New Zealand and the Canadian dollars weakened against other major currencies in the Asian session on Tuesday, as Asian stocks traded lower as a tech rally fizzled out due to valuation concerns and investors weighed mixed messages from Federal Reserve officials over the path of interest rates.
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il y a 3h 6min
European Shares Decline Amid Risk-off Sentiment
European stocks were sharply lower on Tuesday as mixed earnings, weak U.S. manufacturing data and cautious comments from Federal Reserve officials over the path of interest rates soured investors' appetite for riskier assets.
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il y a 3h 47min
Yen Rises Against Majors
The Japanese yen strengthened against other major currencies in the Asian session on Tuesday.
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il y a 4h 6min
Asian Shares Decline Amid Economic Uncertainty
Asian stocks ended mostly lower on Tuesday as a tech rally fizzled out due to valuation concerns and investors weighed mixed messages from Federal Reserve officials over the path of interest rates.
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il y a 4h 15min
