Patterson-UTI (PTEN) Posts Q3 EPS of $0.19, Tops by 1c; Declares $0.05 Quarterly Dividend; 1% Yield

Patterson-UTI (Nasdaq: PTEN) reports Q3 EPS of $0.19, 1 cent better than the analyst estimate of $0.18. Revenue for the quarter was $379 million, which compares to the estimate of $364.01 million. The Company declared a quarterly cash dividend on its common stock of $0.05 per share, $0.20 annualized. The dividend is to be paid on December 30, 2010 to holders of record as of December 15, 2010. The ex-dividend date is December 13, 2010. Yield on the dividend is 1%.... Read more

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