RPC, Inc. Reports Third Quarter 2015 Financial Results
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RPC Inc (RES) Misses Q3 EPS by 1c
October 28, 2015 7:35 AM EDTRPC Inc (NYSE: RES) reported Q3 EPS of ($0.16), $0.01 worse than the analyst estimate of ($0.15). Revenue for the quarter came in at $291.9 million versus the consensus estimate of $294.27 million.
Management Commentary
"The decline in the U.S. domestic oilfield unexpectedly steepened in the third quarter due to continued weakness in oil prices and concerns about oil prices in the near term," stated Richard A. Hubbell, RPC's President and Chief Executive Officer. "The average U.S. domestic rig count during the third quarter was 864, a decrease of 54.6 percent compared to the same period... More
