RPC Inc. Q2 Profit Decreases, But Beats Estimates

(RTTNews) - RPC Inc. (RES) announced a profit for second quarter that decreased from last year but beat the Street estimates.

The company's bottom line totaled $32.419 million, or $0.15 per share. This compares with $65.013 million, or $0.30 per share, in last year's second quarter.

Excluding items, RPC Inc. reported adjusted earnings of $32.419 million or $0.15 per share for the period.

Analysts on average had expected the company to earn $0.13 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 12.4% to $364.153 million from $415.858 million last year.

RPC Inc. earnings at a glance (GAAP) :

-Earnings (Q2): $32.419 Mln. vs. $65.013 Mln. last year. -EPS (Q2): $0.15 vs. $0.30 last year. -Revenue (Q2): $364.153 Mln vs. $415.858 Mln last year.