RPC, Inc. Reports First Quarter 2019 Financial Results

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Go back to RPC, Inc. Reports First Quarter 2019 Financial Results

RPC Inc (RES) Misses Q1 EPS by 3c, Revenues Miss

April 24, 2019 6:47 AM EDT

RPC Inc (NYSE: RES) reported Q1 EPS of $0.00, $0.03 worse than the analyst estimate of $0.03. Revenue for the quarter came in at $334.7 million versus the consensus estimate of $349.75 million.

"The average U.S. domestic rig count during the first quarter of 2019 was 1,043, an 8.0 percent increase compared to the same period in 2018, but a 2.8 percent decrease compared to the fourth quarter of 2018," stated Richard A. Hubbell, RPC\'s President and Chief Executive Officer. "The average price of... More