10 Firms Hit Hard in Thursday’s Trading

2. Helmerich & Payne (NYSE:HP)

Shares of Helmerich & Payne fell 16.48 percent on Thursday to close at $27.72 apiece after reporting disappointing earnings performance in the first quarter of fiscal year 2025.

In a filing, Helmerich & Payne said net income in the quarter declined by 42 percent to $54.77 million from the $95.17 million registered in the same period a year earlier as revenues ended flat at $677 million.

For the second quarter of the fiscal year, Helmerich & Payne expects gross capital expenditures to settle between $360 million to $395 million.

For the full fiscal year, general and administrative taxes will continue to take up a huge chunk of its expenses at $280 million, while costs for research and development were projected to settle at $32 million.

Cash taxes to be paid were also targeted at approximately $190 million to $240 million.