Helmerich Payne (HP) Posts Q3 EPS of 83c

Helmerich Payne (NYSE: HP) reported Q3 EPS of $0.83, which may not compare with the analyst estimate of $0.17. Revenue for the quarter came in at $659.7 million versus the consensus estimate of $600.89 million.

Included in net income per diluted share corresponding to this year’s third fiscal quarter are approximately $0.55 of after-tax gains from long-term contract early termination compensation from customers (which favorably impacted net income by approximately $60 million) and $0.01 of after-tax gains related to the sale of used drilling equipment.

For earnings history and earnings-related data on Helmerich Payne (HP) click here.

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