RPC (RES) Q2 Earnings Outpace Estimates, Revenues Lag

RPC Inc. (RES) reported second-quarter 2024 adjusted earnings of 15 cents per share, which beat the Zacks Consensus Estimate of 13 cents. The bottom line declined from the year-ago quarter's figure of 30 cents. Total quarterly revenues were $364.2 million, down from the year-ago quarter's $415.9 million. The top line also missed the Zacks Consensus Estimate of $386 million. Operating profit in the Technical Services segment totaled $30.2 million, lower than the year-ago quarter's $77 million. The results we ...