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RPC Inc. Reports Rise In Q3 Income, Beats estimates

RPC Inc. (RES) reported earnings for its third quarter that increased from the same period last year and beat the Street estimates.

The company's earnings came in at $69.34 million, or $0.32 per share. This compares with $5.27 million, or $0.02 per share, in last year's third quarter.

Analysts on average had expected the company to earn $0.22 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 104.0% to $459.60 million from $225.31 million last year.

RPC Inc. earnings at a glance (GAAP) :

-Earnings (Q3): $69.34 Mln. vs. $5.27 Mln. last year.
-EPS (Q3): $0.32 vs. $0.02 last year.
-Analyst Estimate: $0.22
-Revenue (Q3): $459.60 Mln vs. $225.31 Mln last year.

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