10:06 AM EDT, 07/25/2024 (MT Newswires) -- RPC (RES) shares jumped nearly 11% in recent Thursday trading after the company's Q2 adjusted earnings topped analysts' expectations.

The company reported earlier Q2 adjusted earnings of $0.15 per diluted share, down from $0.30 a year earlier.

Analysts polled by Capital IQ expected $0.13.

Revenue for the quarter ended June 30 was $364.2 million, down from $415.9 million a year earlier.

Analysts polled by Capital IQ expected $380.4 million.

The company said its board maintained a quarterly dividend of $0.04 per share, payable Sept. 10 to stockholders of record on Aug. 9.

Price: 6.40, Change: +0.63, Percent Change: +10.83