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RPC: 2Q Earnings Snapshot

July 24, 2019

ATLANTA (AP) _ RPC Inc. (RES) on Wednesday reported second-quarter profit of $6.2 million.

On a per-share basis, the Atlanta-based company said it had profit of 3 cents.

The results fell short of Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 4 cents per share.

The oil and gas services company posted revenue of $358.5 million in the period, which also did not meet Street forecasts. Eight analysts surveyed by Zacks expected $364.7 million.

RPC shares have decreased 33% since the beginning of the year. The stock has decreased 54% in the last 12 months.


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

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