RPC Inc gains on Q4 earnings beat

RPC

25/01/2023 13:22

** Shares of oilfield services provider RPC Inc  RES.N  gain
2.6% to $8.30 premarket
    ** Co reports Q4 adj. earnings of 41 cents/shr vs analysts'
average estimate of 29 cents/shr, as per Refinitiv data
    ** Co beats EPS estimates for eight out of nine quarters
    ** Says higher income was driven by improved pricing in most
service lines and higher equipment utilization
    ** Co raises dividend by 2 cents/shr 
    ** RES stock rose ~96% in 2022
 (Reporting by Shristi Achar A in Bengaluru)
 ((Shristi.AcharA@thomsonreuters.com;))