Rpc reports q4 loss per share of $0.11

Rpc, inc. reports fourth quarter 2019 financial results.q4 adjusted loss per share $0.07.q4 loss per share $0.11.q4 revenue $236 million versus refinitiv ibes estimate of $237.6 million.q4 earnings per share estimate $-0.11 -- refinitiv ibes data.qtrly revenue decreased by 19.5% due to seasonally lower activity levels and a smaller active fleet of pressure pumping equipment.rpc - during q4, continued to execute downsizing plans, including closing facilities, scrapping equipment & reducing headcount.rpc -in connection with preparation of q4 financial statements, additional impairment and other charges of $10.6 million in technical services segment."finished q4 with $50.0 million in cash and continue to remain debt free".
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