Helmerich Payne (HP) Posts Q2 Profit as Revenue Fall 51%

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Go back to Helmerich Payne (HP) Posts Q2 Profit as Revenue Fall 51%

Helmerich & Payne, Inc. Announces Second Quarter Results

May 2, 2016 6:00 AM EDT

TULSA, Okla., May 02, 2016 (GLOBE NEWSWIRE) -- Helmerich & Payne, Inc. (NYSE: HP) reported net income of $21 million ($0.19 per diluted share) from operating revenues of $438 million for the second quarter of fiscal 2016, compared to net income of $154 million ($1.41 per diluted share, as adjusted) from operating revenues of $886 million during the second quarter of fiscal 2015, and net income of $16 million ($0.15 per diluted share) from operating revenues of $488 million during the first quarter of fiscal 2016.  Included in net income per diluted share for this years and last years second fiscal quarters as well as this years first... More