How Driller Helmerich & Payne Scored a Q1 2020 Earnings Beat
Overall, it's been a tough earnings season for oilfield services companies. But somehow, onshore drilling rig operator Helmerich & Payne (NYSE: HP), which reported first quarter earnings for its 2020 fiscal year on Feb. 3, managed to buck the industry downtrends and post an impressive year-over-year net income gain.
The company's surprisingly strong showing led to an 8% jump in its share price after the earnings report. Here's how the company beat expectations during a tough quarter.
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Source Fool.com
