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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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Malaysia Shares May Reverse Tuesday's Losses
The Malaysia stock market on Tuesday ended the three-day winning streak in which it had improved more than 15 points or 1 percent. The Kuala Lumpur Composite Index now sits just shy of the 1,615-point plateau, although it's likely to move back to the upside again on Wednesday.
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Mild Upside Anticipated For Japan Stock Market
The Japan stock market on Tuesday ended the two-day winning streak in which it had rallied more than 1,800 points or 3 percent. The Nikkei 225 now rests just shy of the 50,220-point plateau although it's likely to bounce higher again on Wednesday.
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Renewed Support Seen For KOSPI
The South Korea stock market on Tuesday ended the wo-day winning streak in which it had gained almost 200 points or 5 percent on its way to a fresh record closing high. The KOSPI now sits just above the 4,010-point plateau and it's expected to tick higher again on Wednesday.
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Canadian Dollar Advances Against Most Majors
The Canadian dollar firmed against its most major counterparts in the New York session on Tuesday.
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Australia Inflation Data Due On Wednesday
Australia will on Wednesday release Q3 figures for consumer prices, highlighting a light day for Asia-Pacific economic activity.
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Swiss Market Ends Notably Lower; Sika, Novartis Decline Sharply
The Switzerland market kept drifting lower and lower after a weak start on Tuesday and eventually ended the day's session firmly in negative territory.
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European Stocks Close Mostly Lower As Investors Await Central Banks Rate Decisions
European stocks settled mostly lower on Tuesday as investors reacted a slew of corporate earnings announcements, and awaited the interest rate decisions from several central banks, including the Federal Reserve and the European Central Bank.
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5j 39min yang lalu
Canadian Market Advances; Cameco, Celestica Up Sharply
The Canadian market is up in positive territory around late morning on Tuesday thanks to gains in technology stocks. Energy stocks are weak, weighed down by a sharp drop in crude oil prices.
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7j 42min yang lalu
