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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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Canadian Market Headed For Another Strong Finish
The Canadian market remains firmly up in positive territory Thursday afternoon, lifted by gains in energy, technology, materials and consumer discretionary stocks.
Expectations of an interest rate cut by the Canadian central bank next week, and hopes the upcoming national budget will contain some proposals for huge funding in major initiatives.
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Swiss Market Ends Moderately Lower
The Switzerland market ended on a weak note on Thursday after languishing in negative territory right through the day's session.
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European Markets Close Higher As Investors Focus On Earnings
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3時45分前
U.S. Existing Home Sales Increase In Line With Estimates In September
A report released by the National Association of Realtors on Thursday showed existing home sales in the U.S. increased in line with economist estimates in the month of September. NAR said existing home sales jumped by 1.5 percent to an annual rate of 4.06 million in September after dipping by 0.2 percent to an annual rate of 4.00 million in August. The rebound matched expectations.
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5時3分前
Bay Street Likely To Open Higher On Firm Oil, Metal Prices
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8時8分前
Turkey Central Bank Cuts Key Rates By 100 Bps As Expected
Turkey's central bank reduced the pace of interest rate cuts on Thursday as inflation accelerated due to higher food prices. The Monetary Policy Committee of the Central Bank of the Republic of Turkey, headed by Yasar Fatih Karahan, decided to reduce the policy rate by 100 basis points to 39.50 percent from 40.50 percent.
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FTSE 100 Advances As Investors React To Earnings Announcements
U.K.'s FTSE 100 remains firmly up in positive territory a little past noon on Thursday, with investors reacting to a slew of encouraging corporate earnings announcements. Energy and mining stocks are faring well.
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9時43分前
French Manufacturing Sentiment Strengthens Unexpectedly
French manufacturing confidence strengthened unexpectedly in October to the highest level in more than a year, data from the statistical office INSEE showed on Thursday.
The manufacturing confidence index rose to 100.7 in October from 96.7 in September, while the reading was forecast to drop to 96.0. Moreover, the score was the highest since March 2024.
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9時58分前
