Helmerich & Payne: Fiscal Q2 Earnings Snapshot

TULSA, Okla. (AP) — TULSA, Okla. (AP) — Helmerich & Payne Inc. (HP) on Wednesday reported fiscal second-quarter net income of $164 million.

The Tulsa, Oklahoma-based company said it had profit of $1.55 per share. Earnings, adjusted for non-recurring gains and to account for discontinued operations, came to $1.26 per share.

The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.05 per share.

The oil and gas well-drilling contractor posted revenue of $769.2 million in the period, also beating Street forecasts. Six analysts surveyed by Zacks expected $741.5 million.

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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