RPC Inc. Q4 Profit Decreases, Misses Estimates

(RTTNews) - RPC Inc. (RES) revealed earnings for fourth quarter that decreased from the same period last year and missed the Street estimates.

The company's bottom line totaled $12.76 million, or $0.06 per share. This compares with $40.26 million, or $0.19 per share, last year.

Excluding items, RPC Inc. reported adjusted earnings of $12.76 million or $0.06 per share for the period.

Analysts on average had expected the company to earn $0.07 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period fell 15.0% to $335.36 million from $394.53 million last year.

RPC Inc. earnings at a glance (GAAP) :

-Earnings: $12.76 Mln. vs. $40.26 Mln. last year. -EPS: $0.06 vs. $0.19 last year. -Revenue: $335.36 Mln vs. $394.53 Mln last year.