RPC Inc. (RES) recently published their earnings for the fourth quarter of the year. While they saw a downturn from the same period last year, their earnings exceeded Wall Street forecasts.
They achieved total earnings valued at $40.26 million, translating to $0.19 per share. This shows a significant downturn from the same quarter of the previous year, where their earnings were at $87.01 million or $0.40 per share.
When exceptional items are discounted, RPC Inc. reported its adjusted total earnings as $40.26 million – or $0.19 per share for that period. This exceeded the consensus of analysts who had predicted that the company would earn an average of $0.18 per share, based on information gathered by Thomson Reuters. This estimate typically excludes one-off items.
In terms of revenue, the company's earnings for the quarter fell by 18.2%, down to $394.53 million from $482.03 million during the same period last year.
Here's a quick look at RPC Inc.'s earnings according to GAAP:
- Earnings for Q4 are $40.26 million. This is compared to $87.01 million from the previous year.
- Earnings Per Share (EPS) for Q4 is $0.19, as opposed to $0.40 from the previous year.
- Revenue for Q4 is $394.53 million. This is down from $482.03 million from the last year.
- Analyst Estimates were at $0.18.
