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.
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