Helmerich and Payne falls after quarterly profit miss

Helmerich & Payne

14/11/2024 17:24

** Oilfield services company Helmerich and Payne's  HP.N 
shares fall 8.3% to $33.20
    ** Co on Wednesday posted fiscal Q4 adj. EPS of 76 cents vs
est of 81 cents - LSEG data
    ** HP's fiscal year ended Sept. 30 
    ** Co said its North America Solutions unit's operating
income was $155.7 mln, lower than $163.4 mln in the previous
quarter
    ** Its International Solutions unit posted operating loss of
$5.1 mln, compared with a loss of $4.8 mln in Q3
    ** Co expects fiscal 2025 gross capital expenditure between
$290 and $325 mln
    ** Co also forecast fiscal Q1 North America rig-count
between 147 and 153, roughly flat compared to Q4
    ** Including the session's losses, stock is down 6.8% YTD

 (Reporting by Sourasis Bose in Bengaluru)
 ((Sourasis.bose@thomsonreuters.com))