Helmerich & Payne, Inc. Announces Fiscal Fourth Quarter & Fiscal Year Results
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Helmerich & Payne, Inc. reported its fiscal fourth quarter and year-end results, showing a decrease in net income compared to the previous quarter. The company earned $75 million in net income on $694 million in revenues for the quarter ending September 30, 2024, down from $89 million in net income on $698 million in revenues for the previous quarter.
November 13, 2024 | 9:30 pm
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Helmerich & Payne, Inc. reported a decrease in net income for the fiscal fourth quarter compared to the previous quarter, with $75 million in net income on $694 million in revenues.
The decrease in net income from $89 million to $75 million, despite a slight decrease in revenues, suggests potential challenges in cost management or operational efficiency, which could negatively impact investor sentiment in the short term.
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