Helmerich & Payne Inc. Q2 Loss Decreases

(RTTNews) - Helmerich & Payne Inc. (HP) announced Loss for second quarter that decreased from last year

The company's bottom line came in at -$4.98 million, or -$0.05 per share. This compares with -$121.00 million, or -$1.13 per share, in last year's second quarter.

Excluding items, Helmerich & Payne Inc. reported adjusted earnings of -$17.60 million or -$0.17 per share for the period.

The company's revenue for the quarter rose 57.9% to $467.60 million from $296.17 million last year.

Helmerich & Payne Inc. earnings at a glance (GAAP) :

-Earnings (Q2): -$4.98 Mln. vs. -$121.00 Mln. last year. -EPS (Q2): -$0.05 vs. -$1.13 last year. -Revenue (Q2): $467.60 Mln vs. $296.17 Mln last year.