WASHINGTON (dpa-AFX) - RPC Inc. (RES) released earnings for first quarter that decreased from the same period last year but beat the Street estimates.
The company's bottom line came in at $12.03 million, or $0.06 per share. This compares with $27.47 million, or $0.13 per share, last year.
Analysts on average had expected the company to earn $0.05 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period fell 11.9% to $332.88 million from $377.83 million last year.
RPC Inc. earnings at a glance (GAAP) :
-Earnings: $12.03 Mln. vs. $27.47 Mln. last year. -EPS: $0.06 vs. $0.13 last year. -Revenue: $332.88 Mln vs. $377.83 Mln last year.
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