TULSA, Okla. (AP) _ Helmerich & Payne Inc. (HP) on Monday reported fiscal first-quarter net income of $97.1 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the Tulsa, Oklahoma-based company said it had net income of 91 cents. Earnings, adjusted for one-time gains and costs, were $1.11 per share.

The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 81 cents per share.

The oil and gas well-drilling contractor posted revenue of $719.6 million in the period, also beating Street forecasts. Six analysts surveyed by Zacks expected $689.3 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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