January 24, 2018 / 11:55 AM / in 9 months

BRIEF-RPC Inc Posts Q4 Adj. Earnings $0.18/Shr

Jan 24 (Reuters) - RPC Inc:

* Q4 EARNINGS PER SHARE $0.27

* Q4 REVENUE $427.3 MILLION VERSUS I/B/E/S VIEW $521.8 MILLION

* Q4 EARNINGS PER SHARE VIEW $0.34 — THOMSON REUTERS I/B/E/S

* Q4 EARNINGS PER SHARE $0.18 EXCLUDING ITEMS

* DURING Q4 , RECORDED A NET DISCRETE TAX BENEFIT OF $19.3 MILLION AS A COMPONENT OF TAX EXPENSE AS A RESULT OF “TAX CUTS AND JOBS ACT

* RPC -EXPECT RECENTLY ENACTED TAX REFORM TO HAVE “MEANINGFUL POSITIVE IMPACT” ON FINANCIAL RESULTS WITH INCREASED EARNINGS,OPERATING CASH FLOW IN 2018​

* RPC - BELIEVE HIGHER OIL AND NATURAL GAS PRICES, LARGER MACRO TRENDS IN GLOBAL SUPPLY AND DEMAND, WILL INCREASE CUSTOMERS’ ACTIVITIES DURING 2018 Source text for Eikon: Further company coverage:

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