Helmerich & Payne: Fiscal Q4 Earnings Snapshot
TULSA, Okla. (AP) — TULSA, Okla. (AP) — Helmerich & Payne Inc. (HP) on Wednesday reported fiscal fourth-quarter net income of $77.6 million.
The Tulsa, Oklahoma-based company said it had profit of 77 cents per share. Earnings, adjusted for non-recurring gains, came to 69 cents per share.
The results fell short of Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 72 cents per share.
The oil and gas well-drilling contractor posted revenue of $659.6 million in the period, which also fell short of Street forecasts. Seven analysts surveyed by Zacks expected $660 million.
For the year, the company reported profit of $434.1 million, or $4.16 per share. Revenue was reported as $2.87 billion.
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