HOUSTON (AP) _ Patterson-UTI Energy Inc. (PTEN) on Thursday reported a loss of $150.3 million in its second quarter.

The Houston-based company said it had a loss of 81 cents per share. Losses, adjusted for non-recurring costs, were 56 cents per share.

The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for a loss of 58 cents per share.

The provider of onshore contract drilling services posted revenue of $250.4 million in the period, also beating Street forecasts. Five analysts surveyed by Zacks expected $231.9 million.

The company's shares closed at $3.67. A year ago, they were trading at $10.94.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PTEN at https://www.zacks.com/ap/PTEN

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