NewzQUEBEC, Quebec (AP) — QUEBEC, Quebec (AP) — Bausch Health Companies Inc. (BHC) on Wednesday reported second-quarter net income of $258 million. The Quebec, Quebec-based company said it had net income of 68 cents per share.
Earnings, adjusted for one-time gains and costs, were $1.26 per share. The drugmaker posted revenue of $2.85 billion in the period. Bausch expects full-year revenue in the range of $10.79 billion to $11.04 billion.
In the final minutes of trading on Wednesday, the company’s shares hit $4.62. A year ago, they were trading at $6.82. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research.
Access a Zacks stock report on BHC at https://www.zacks.com/ap/BHC Source HOUSTON (AP) — HOUSTON (AP) — Patterson-UTI Energy Inc. (PTEN) on Wednesday reported a loss of $19.6 million in its second quarter.
The Houston-based company said it had a loss of 5 cents per share. Earnings, adjusted for one-time gains and costs, came to less than 1 cent on a per-share basis. The average estimate of eight analysts surveyed by Zacks Investment Research was for a loss of 3 cents per share.
The provider of onshore contract drilling services posted revenue of $1.23 billion in the period, also exceeding Street forecasts. Seven analysts surveyed by Zacks expected $1.15 billion. Access a Zacks stock report on PTEN at https://www.zacks.com/ap/PTEN Source
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