RPC Inc. (RES) saw its stock price plummet 5.14% intraday on Thursday as the company reported disappointing fourth-quarter earnings and revenue results.
According to the company's earnings report, RPC Inc. posted adjusted earnings of $0.06 per diluted share for the quarter ended December 31, 2024, missing analysts' expectations of $0.07 per share. The earnings figure also marked a significant decline from the $0.19 per share reported in the same quarter a year earlier.
RPC Inc.'s revenue for the fourth quarter fell to $335.4 million, down 15% from $394.5 million in the year-ago period, and slightly below analysts' estimates of $328.8 million.
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