RPC: 2Q Earnings Snapshot
ATLANTA (AP) _ RPC Inc. (RES) on Wednesday reported second-quarter profit of $6.2 million.
On a per-share basis, the Atlanta-based company said it had profit of 3 cents.
The results fell short of Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 4 cents per share.
The oil and gas services company posted revenue of $358.5 million in the period, which also did not meet Street forecasts. Eight analysts surveyed by Zacks expected $364.7 million.
RPC shares have decreased 33% since the beginning of the year. The stock has decreased 54% in the last 12 months.