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.
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