RPC (RES) Q2 earnings gain on higher activity within rental tools and lower cost of revenues. However, a soft environment for pressure pumping negatively impacts the top line.
RPC (RES) came out with quarterly earnings of $0.15 per share, beating the Zacks Consensus Estimate of $0.13 per share. This compares to earnings of $0.30 per share a year ago.
Lower contributions from the Technical Services business unit are likely to have hurt RPC's (RES) Q2 earnings.