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RES - RPC slips on lower Q1 earnings and dividend cut
RPC Inc.
RPC (NYSE:RES) slides ~3.7% in pre-market as the company reports Q1 revenues decline 23% Y/Y to $334.7M, primarily due to lower pricing and lower activity levels as a result of seasonal weakness & inconsistent customer activity levels, within pressure pumping.
More news on: RPC, Inc., Earnings news and commentary,