FX.co ★ RPC Inc. Q3 Profit Increases, But Misses Estimates

RPC Inc. (RES) released its third-quarter financial results, revealing an increase in earnings compared to the previous year, albeit falling short of Wall Street forecasts.

The company's net income amounted to $18.80 million, or $0.09 per share, a slight improvement from $18.32 million, or $0.08 per share, recorded in the same quarter last year. When excluding certain items, RPC Inc. maintained adjusted earnings of $18.80 million or $0.09 per share during this period.

On average, analysts anticipated earnings of $0.12 per share, based on data gathered by Thomson Reuters, which generally excludes extraordinary items from their projections.

In terms of revenue, the company's figures rose by 2.2%, reaching $337.65 million, up from $330.42 million in the prior year.

Here’s a snapshot of RPC Inc.'s key financial metrics (GAAP) for the quarter:

- Earnings (Q3): $18.80 million compared to $18.32 million last year.

- Earnings Per Share (EPS) (Q3): $0.09, up from $0.08 last year.

- Revenue (Q3): $337.65 million, an increase from last year's $330.42 million.