RPC, Inc. Reports Fourth Quarter 2019 Financial Results

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RPC Inc (RES) Tops Q4 EPS by 4c

January 29, 2020 6:57 AM EST

RPC Inc (NYSE: RES) reported Q4 EPS of ($0.07), $0.04 better than the analyst estimate of ($0.11). Revenue for the quarter came in at $236 million versus the consensus estimate of $237.57 million.

Management Commentary

"The average U.S. domestic rig count during the fourth quarter of 2019 was 820, a 23.6 percent decrease compared to the same period in 2018, and a 10.9 percent decrease compared to the third quarter of 2019," stated... More