RPC Inc. Profit Rises In Q1

(RTTNews) - RPC Inc. (RES) announced earnings for its first quarter that rose from the same period last year.

The company's profit came in at $52.13 million, or $0.24 per share. This compares with $3.63 million, or $0.02 per share, in last year's first quarter.

Analysts had expected the company to earn $0.28 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 46.4% to $436.33 million from $298.12 million last year.

RPC Inc. earnings at a glance:

-Earnings (Q1): $52.13 Mln. vs. $3.63 Mln. last year. -EPS (Q1): $0.24 vs. $0.02 last year. -Analysts Estimate: $0.28 -Revenue (Q1): $436.33 Mln vs. $298.12 Mln last year.