RPC Q3 2024 Adj. EPS $0.09 Misses $0.13 Estimate, Sales $337.652M Miss $369.756M Estimate
Portfolio Pulse from Benzinga Newsdesk
RPC (NYSE:RES) reported Q3 2024 earnings of $0.09 per share, missing the analyst estimate of $0.13. Sales were $337.652M, below the expected $369.756M, but up 2.19% from last year.
October 24, 2024 | 10:47 am
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RPC's Q3 2024 earnings and sales both missed analyst estimates, with EPS at $0.09 versus $0.13 expected and sales at $337.652M versus $369.756M expected. Despite the miss, sales increased by 2.19% year-over-year.
RPC's earnings and sales both missed analyst expectations, which is likely to negatively impact the stock price in the short term. The earnings per share were significantly below estimates, and sales also fell short, despite a year-over-year increase. This suggests potential investor disappointment and a possible negative reaction in the market.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100