Helmerich & Payne Couldn't Get Over the Profit Hurdle Last Quarter

As great as 2017 has been for the shale oil sector, with growing production that put rigs and other drilling equipment back online, and crews back to work, that hasn't necessarily translated to profit growth for equipment and service providers like Helmerich & Payne (NYSE: HP). In its fiscal third quarter, which ended June 30, the company brought in higher revenues from putting more rigs in the field, but those newly operating rigs weren't enough to generate a positive result on the earnings line of the income statement.

Here's a look at the good and bad points from the company's most recent earnings report, and what investors can expect from here.

Image source: Getty Images.

Source: Fool.com