RPC Inc. Earnings Decline In Q3

(RTTNews) - RPC Inc. (RES) revealed a profit for third quarter that declined from last year.

The company's earnings came in at $49.97 million, or $0.23 per share. This compares with $57.33 million, or $0.26 per share, in last year's third quarter.

Analysts had expected the company to earn $0.23 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 6.6% to $439.99 million from $470.99 million last year.

RPC Inc. earnings at a glance:

-Earnings (Q3): $49.97 Mln. vs. $57.33 Mln. last year. -EPS (Q3): $0.23 vs. $0.26 last year. -Analysts Estimate: $0.23 -Revenue (Q3): $439.99 Mln vs. $470.99 Mln last year.