April 26, 2017 / 11:40 AM / 5 months ago

BRIEF-RPC Q1 earnings per share $0.02

April 26 (Reuters) - RPC Inc:

* RPC Inc reports first quarter 2017 financial results

* Q1 earnings per share $0.02

* Q1 revenue $298.1 million versus I/B/E/S view $269.8 million

* Q1 earnings per share view $-0.04 -- Thomson Reuters I/B/E/S

* RPC Inc - currently forecast “modest ” capital expenditures during remainder of 2017

* RPC Inc - believe that existing cash balance and projected operating cash flows will be adequate for cash needs during remainder of this year

* RPC Inc - “industry activity accelerated during q1 of 2017”

* RPC Inc - “we will continue to reactivate our idle pressure pumping fleet based on customer demand” Source text for Eikon: Further company coverage:

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