RPC Inc.'s (RES) fourth-quarter net loss was $5.20 million or $0.05 per share compared with a profit of $20.41 million or $0.21 per share a year ago.
On average, 5 analysts polled by Thomson Reuters expected loss per share of $0.06 for the quarter. Analysts' estimate typically excludes one-time items.
Earnings before interest, taxes, depreciation and amortization or EBITDA for the quarter dipped to $26.08 million or $0.27 per share from $67.23 million or $0.69 per share in the prior year.
For the quarter ended December 31, 2009, revenues decreased 33.1% to $152.41 million from $227.84 million in the fourth quarter last year. Two analysts estimated revenues of $144.57 million for the quarter.
In a seperate press release, the company announced that the board declared a regular quarterly cash dividend of $0.04 per share, payable March 10, 2010 to common stockholders of record at the close of business on February 10, 2010.
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