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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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Philips Shares Jump As FY25 Margin Outlook Raised, Despite Weak Q2
Shares of Royal Philips N.V. were surging around 10 percent in the morning trading in Amsterdam as well as in the pre-market activity on the NYSE, after the Dutch consumer electronics giant on Tuesday raised its fiscal 2025 margin outlook, benefited by lower tariff impact, and maintained fiscal 2025 comparable sales growth view. Meanwhile, the company issued weak margin outlook for its third quart
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12 मिनटों पहले
U.S. Dollar Rises As Traders Focus On U.S. Data, Trade Talks
The U.S. dollar strengthened against other major currencies in the European session on Tuesday, as traders awaited the outcome of ongoing U.S.-China talks in Stockholm, key U.S. economic indicators and upcoming Fed and BoJ rate decisions.
Top economic officials from both nations held over five hours of negotiations on Monday to resolve longstanding economic disputes and lay the groundwork ahead of a leaders' summit in the autumn.
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16 मिनटों पहले
U.S. Dollar Rises Against Majors
The U.S. dollar strengthened against other major currencies in the European session on Tuesday.
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31 मिनटों पहले
European Shares Inch Higher On Earnings Boost
European stocks advanced on Tuesday, with sentiment underpinned by positive earnings news and eased worries of a trade war.
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1घंटे 15 मिनट पहले
Asian Shares Mixed As US-China Talks Continue
Asian stocks ended Tuesday's session on a mixed note as investors looked past the U.S.-EU trade deal and awaited the outcome of ongoing U.S.-China talks in Stockholm.
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1घंटे 46 मिनट पहले
Euro Falls Against Majors
The euro weakened against other major currencies in the pre-European session on Tuesday.
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3घंटे 54 मिनट पहले
European Economic News Preview: UK Mortgage Approvals Data Due
Mortgage approvals from the UK and flash GDP from Spain are the top economic news due on Tuesday. At 3.00 am ET, Spain's statistical office INE publishes flash GDP data and retail sales figures. The economy is forecast to grow at a steady pace of 0.6 percent in the second quarter.
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4घंटे 31 मिनट पहले
European Shares Seen Higher In Cautious Trade
European stocks are seen opening a tad higher on Tuesday as U.S.-China trade negotiations continue in Stockholm for a second day.
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4घंटे 48 मिनट पहले
