Wednesday, July 25, 2007

UPDATE 1-RPC quarterly profit falls as competition hurts pricing

(Reuters) - The results came in well below what analysts had expected,
sending the company's shares down nearly 15 percent to $13.00
in afternoon trade on the New York Stock Exchange.




Second-quarter earnings fell to $23.8 million, or 24 cents
a share, compared with $27.6 million, or 28 cents a share, a
year ago. Revenue rose 17 percent to $171.0 million.


Read more at Reuters.com Market News

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