Helmerich & Payne Inc. Profit Falls 86% In Q2

(RTTNews) - Helmerich & Payne Inc. (HP) announced earnings for second quarter that lost ground from last year.

The company said its profit dropped to $21.21 million, or $0.19 per share. This was down from $153.54 million, or $1.41 per share, in last year's second quarter.

The company said revenue for the quarter fell 50.5% to $438.19 million. This was down from $885.67 million last year.

Helmerich & Payne Inc. earnings at a glance:

-Earnings (Q2): $21.21 Mln. vs. $153.54 Mln. last year. -Earnings Decline (Y-o-Y): -86.2% -EPS (Q2): $0.19 vs. $1.41 last year. -EPS Decline (Y-o-Y): -86.5% -Revenue (Q2): $438.19 Mln vs. $885.67 Mln last year. -Revenue Change (Y-o-Y): -50.5%