Oilfield services company RPC (RES -6.5%) is down today after its Q4 came up short of estimates...

|About: RPC Inc. (RES)|By:, SA News Editor

Oilfield services company RPC (RES -6.5%) is down today after its Q4 came up short of estimates due to higher than anticipated employment and raw material expenses. Cost of revenues came in at $268M, or 55.6% of revenues, compared to $174M, or 53.2% in the year prior.