RTTNews | Jan 31, 2022 04:20PM EST

16:20 Monday, January 31, 2022 (RTTNews.com) - Helmerich & Payne Inc. (HP) released Loss for first quarter that decreased from last year

The company's bottom line came in at -$51.36 million, or -$0.48 per share. This compares with -$70.43 million, or -$0.66 per share, in last year's first quarter.

Excluding items, Helmerich & Payne Inc. reported adjusted earnings of -$47.28 million or -$0.45 per share for the period.

The company's revenue for the quarter rose 66.3% to $409.78 million from $246.38 million last year.

Helmerich & Payne Inc. earnings at a glance (GAAP) :

-Earnings (Q1): -$51.36 Mln. vs. -$70.43 Mln. last year.-EPS (Q1): -$0.48 vs. -$0.66 last year.-Revenue (Q1): $409.78 Mln vs. $246.38 Mln last year.

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