💨 Abstract

Helmerich & Payne Inc. (HP) reported a fiscal third-quarter loss of $162.8 million, or $1.64 per share. However, adjusted earnings of 22 cents per share exceeded Wall Street expectations of 20 cents. Revenue was $1.04 billion, surpassing forecasts of $999.2 million. The oil and gas drilling contractor's performance topped analyst estimates despite the net loss.

Courtesy: WTOP Staff