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Stock impact report

RPC, Inc. Announces Delay in Reporting of First Quarter 2020 Financial Results and Discloses Unaudited Financial Highlights

RPC, Inc. (RES) 
Last rpc, inc. earnings: 1/29 06:45 am Check Earnings Report
US:NYSE Investor Relations: rpc.net/web/profile.html
Company Research Source: PR Newswire
ATLANTA, April 28, 2020 /PRNewswire/ -- RPC, Inc. (NYSE: RES) announced that its earnings release for the first quarter ended March 31, 2020, previously scheduled for tomorrow morning, has been postponed. RPC anticipates that its earnings announcement and conference call will be held on or prior to the Securities and Exchange Commission deadline of May 11, 2020 for the filing of its first quarter 2020 Form 10-Q. An announcement confirming the date, time and call-in information of RPC's earnings announcement and conference call will be provided prior to that time.During the first quarter of 2020, RPC, along with the rest of the U.S. domestic oilfield, experienced a swift, unexpected downturn in business conditions due to the impacts of the OPEC dispute and the COVID-19 pandemic. Because of the potential near-term weakness in its financial results, RPC continues to quantify the impact of these factors on the fair value of its assets but has not finalized its conclusions. Our conclusions Show less Read more
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