Investing.com - RPC (NYSE:RES) reported on Wednesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
RPC announced earnings per share of $0.320 on revenue of $459.600. Analysts polled by Investing.com anticipated EPS of $0.220 on revenue of $410.28M.
RPC shares are up 103.3% from the beginning of the year, still down 28.51% from its 52 week high of $12.91 set on April 18.
RPC follows other major Energy sector earnings this month
RPC's report follows an earnings beat by Schlumberger on Friday, who reported EPS of $0.63 on revenue of $7.5B, compared to forecasts EPS of $0.5507 on revenue of $7.1B.
Valero Energy had missed expectations on Tuesday with third quarter EPS of $7.14 on revenue of $44.45B, compared to forecast for EPS of $7.33 on revenue of $38.86B.
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