Thursday, May 3, 2007

UPDATE 1-Patterson-UTI quarterly profit falls 27 percent

(Reuters) - The Snyder, Texas-based company said first-quarter profit was $116 million, or 73 cents per share, compared with $159 million, or 91 cents per share, a year earlier.

Analysts had, on average, expected earnings of 71 percent per share, according to data compiled by Reuters Estimates.


Read more at Reuters.com Market News

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