TULSA, Okla. (AP) — TULSA, Okla. (AP) — Helmerich & Payne Inc. (HP) on Wednesday reported fiscal second-quarter net income of $84.8 million.
The Tulsa, Oklahoma-based company said it had profit of 86 cents per share.
The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 85 cents per share.
The oil and gas well-drilling contractor posted revenue of $687.9 million in the period, also surpassing Street forecasts. Six analysts surveyed by Zacks expected $680.2 million.
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