RPC Inc's shares fall after Q1 results disappoint

RPC

25/04/2024 15:21

** Oilfield services provider RPC Inc's  RES.N  shares down
11.3% to $7; on track for worst day in nearly a year, if losses
hold
    ** Company posts Q1 profit of 13 cents/shr vs est 17
cents/shr - LSEG
    ** Reports Q1 revenue of 377.8 mln vs est $390.9 mln
    ** "Our results reflected a modestly weaker oilfield
services activity environment with continued competitive
pressures" - CEO Ben Palmer
    ** As of last close, stock down 2.5% YTD

 (Reporting by Johann M Cherian in Bengaluru)
 ((johann.mcherian@thomsonreuters.com))