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Strategies & Market Trends : Guidance II -- Ignore unavailable to you. Want to Upgrade?

To: 2MAR$ who wrote (1447)	7/28/2011 8:38:17 AM
From: 2MAR$	Read Replies (1) \| Respond to of 2077

6:25AM Patterson-UTI beats by $0.03, beats on revs ( PTEN) 32.38 : Reports Q2 (Jun) earnings of $0.52 per share, $0.03 better than the Capital IQ Consensus Estimate of $0.49; revenues rose 95.4% year/year to $600 mln vs the $587.1 mln consensus. "Average revenue per operating day for the second quarter of 2011 increased by $760 to $21,000, compared to $20,240 for the first quarter of 2011. Average direct operating costs per operating day for the second quarter of 2011 increased to $11,880 from $11,730 for the first quarter of 2011. Average margin per operating day for the second quarter of 2011 increased by $600 to $9,110 from $8,510 for the first quarter of 2011. We are continuing to see increases in our rig count."