TULSA, Okla. (AP) _ Helmerich & Payne Inc. (HP) on Monday reported a loss of $51.4 million in its fiscal first quarter.

On a per-share basis, the Tulsa, Oklahoma-based company said it had a loss of 48 cents. Losses, adjusted for non-recurring costs and to account for discontinued operations, were 45 cents per share.

The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of 50 cents per share.

The oil and gas well-drilling contractor posted revenue of $409.8 million in the period, also exceeding Street forecasts. Four analysts surveyed by Zacks expected $381.1 million.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HP at https://www.zacks.com/ap/HP

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