Helmerich & Payne: Fiscal 3Q Earnings Snapshot

TULSA, Okla. (AP) _ Helmerich & Payne Inc. (HP) on Wednesday reported a loss of $8 million in its fiscal third quarter.

On a per-share basis, the Tulsa, Oklahoma-based company said it had a loss of 8 cents. Losses, adjusted for one-time gains and costs, came to 1 cent per share.

The results missed Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of 3 cents per share.

The oil and gas well-drilling contractor posted revenue of $648.9 million in the period, exceeding Street forecasts. Seven analysts surveyed by Zacks expected $616.4 million.

Helmerich & Payne shares have decreased 9 percent since the beginning of the year, while the Standard & Poor's 500 index has climbed 6.5 percent. In the final minutes of trading on Wednesday, shares hit $58.82, a climb of roughly 5 percent in the last 12 months.

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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 HP at https://www.zacks.com/ap/HP