Helmerich & Payne (HP) shares plummeted 6.30% in after-hours trading following the release of the company's fiscal first-quarter results. The sharp decline came as investors reacted to the drilling contractor's latest financial performance.

The company reported an adjusted loss per share of $0.15 for the quarter, significantly missing the analyst consensus estimate for a profit of $0.18 per share. While quarterly revenue of $1.017 billion exceeded expectations of $987.5 million, the substantial earnings miss appears to have driven the negative market reaction. The results included a non-cash impairment charge of $103 million.