Wed, Jan 26, 2022 6:53 AM
ATLANTA (AP) _ RPC Inc. (RES) on Wednesday reported fourth-quarter earnings of $12.3 million.
The Atlanta-based company said it had net income of 6 cents per share.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 3 cents per share.
The oil and gas services company posted revenue of $268.3 million in the period, which also beat Street forecasts. Three analysts surveyed by Zacks expected $241.4 million.
For the year, the company reported profit of $7.2 million, or 3 cents per share. Revenue was reported as $864.9 million.