Helmerich and Payne IncHP
▼ NegativeCapitalrelevance
EPS missed consensus and swung to a loss, though revenue beat.
Impact on stocks 1
Energy
Helmerich and Payne IncHelmerich & Payne Q3 revenue beats estimates but EPS misses
Earnings
Helmerich & Payne reported fiscal third-quarter revenue of $1.03 billion, topping the Zacks Consensus Estimate of $988.44 million by 4.7%, while posting a loss of $0.11 per share that missed the consensus estimate of $0.11 by 200%. Revenue declined 0.6% year-over-year, and EPS swung from a profit of $0.22 a year ago. North America Solutions operating revenue came in at $562.9 million, down 5% from the prior year, while Offshore Solutions revenue rose 7.8% to $174.41 million and International Solutions revenue fell 5.9% to $250.12 million. The company's average active rig count in North America Solutions was 142, slightly above the 141 estimate, and International Solutions averaged 65 active rigs versus the 64 estimate.
Helmerich and Payne IncEPS missed consensus and swung to a loss, though revenue beat.