Rpc reports q3 loss per share of $0.33

Rpc, inc. reports third quarter 2019 financial results.q3 adjusted loss per share $0.08.q3 loss per share $0.33.q3 revenue $293.2 million versus refinitiv ibes estimate of $343 million.q3 earnings per share estimate $-0.00 -- refinitiv ibes data.average u.s. domestic rig count during q3 of 2019 was 920, a 12.5 percent decrease compared to same period in 2018.significant sequential revenue declines in quarter were driven by pronounced weakness in pressure pumping and coiled tubing.significant sequential revenue declines were driven by pronounced weakness in pressure pumping and coiled tubing.although many service companies are idling fleets, pressure pumping industry continues to be oversupplied.are adjusting our operating strategy to compete in difficult market.during q3 we began closing several pressure pumping-related facilities.recorded impairment and other charges of $71.7 million in quarter.during q3, reduced number of staffed fleets and operational and administrative employee headcount.
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