Helmerich & Payne (HP) Q2 Earnings and Revenues Top Estimates

Helmerich & Payne (HP) reported second-quarter fiscal 2024 adjusted net income of 86 cents per share, which marginally beat the Zacks Consensus Estimate of 85 cents. Operating profit from the International Solutions unit totaled $3.6 million, which beat the consensus estimate of a loss of$1.6 million. However, the bottom line was below the year-ago quarter’s reported figure of $1.26. This was primarily due to the poor performance of the company's segments.Operating revenues of$687.9 million outpaced the Z ...