RPC Q3 Adj EPS $0.08 Misses $0.24 Estimate, Sales $330.40M Miss $378.17M Estimate
Portfolio Pulse from Benzinga Newsdesk
RPC (NYSE:RES) reported Q3 adjusted earnings of $0.08 per share, missing the analyst consensus estimate of $0.24 by 66.67%. This is a 75% decrease from the same period last year. The company also reported quarterly sales of $330.40 million, missing the analyst consensus estimate of $378.17 million by 12.63%. This is a 28.11% decrease from the same period last year.
October 25, 2023 | 10:57 am
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RPC's Q3 earnings and sales missed estimates significantly, indicating a potential negative impact on the company's stock price in the short term.
RPC's Q3 earnings and sales missed estimates by a significant margin. This underperformance is likely to negatively impact investor sentiment and could lead to a decrease in the company's stock price in the short term.
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