Helmerich & Payne Inc. Q1 Earnings Fall 92%

(RTTNews) - Helmerich & Payne Inc. (HP) released a profit for first quarter that fell from last year.

The company said its earnings totaled $16.00 million, or $0.15 per share. This was down from $203.61 million, or $1.86 per share, in last year's first quarter.

The company said revenue for the quarter fell 53.8% to $0.49 billion. This was down from $1.06 billion last year.

Helmerich & Payne Inc. earnings at a glance:

-Earnings (Q1): $16.00 Mln. vs. $203.61 Mln. last year. -Earnings Decline (Y-o-Y): -92.1% -EPS (Q1): $0.15 vs. $1.86 last year. -EPS Decline (Y-o-Y): -91.9% -Revenue (Q1): $0.49 Bln vs. $1.06 Bln last year. -Revenue Change (Y-o-Y): -53.8%