RPC Inc. Q4 Profit Increases, beats estimates

(RTTNews) - RPC Inc. (RES) reported a profit for its fourth quarter that increased from the same period last year and beat the Street estimates.

The company's earnings totaled $87.01 million, or $0.40 per share. This compares with $12.34 million, or $0.06 per share, in last year's fourth quarter.

Excluding items, RPC Inc. reported adjusted earnings of $89.21 million or $0.41 per share for the period.

Analysts on average had expected the company to earn $0.29 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 79.7% to $482.03 million from $268.25 million last year.

RPC Inc. earnings at a glance (GAAP) :

-Earnings (Q4): $87.01 Mln. vs. $12.34 Mln. last year. -EPS (Q4): $0.40 vs. $0.06 last year. -Analyst Estimate: $0.29 -Revenue (Q4): $482.03 Mln vs. $268.25 Mln last year.