RPC, Inc. Reports Second Quarter 2020 Financial Results
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RPC Inc (RES) Tops Q2 EPS by 4c, Revenues Miss
July 29, 2020 6:47 AM EDTRPC Inc (NYSE: RES) reported Q2 EPS of ($0.10), $0.04 better than the analyst estimate of ($0.14). Revenue for the quarter came in at $89.3 million versus the consensus estimate of $102.09 million.
Management Commentary
"The average U.S. domestic rig count during the second quarter of 2020 was 392, a 60.4 percent decrease compared to the same period in 2019, and a 50.1 percent decrease compared to the first quarter of 2020," stated Richard A. Hubbell, RPC's President and Chief... More
