RPC Q1 Adj $0.13 Misses $0.17 Estimate, Sales $377.83M Miss $390.92M Estimate
Portfolio Pulse from Benzinga Newsdesk
RPC (NYSE:RES) reported Q1 earnings of $0.13 per share, missing the consensus estimate of $0.17, and sales of $377.83M, below the estimate of $390.92M. This represents a significant decrease from the previous year's earnings and sales.
April 25, 2024 | 10:48 am
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NEGATIVE IMPACT
RPC reported lower than expected Q1 earnings and sales, indicating a significant year-over-year decline.
The miss on both earnings and sales estimates, coupled with the significant decrease from the previous year's figures, is likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100