Range Resources: 1Q Earnings Snapshot

FORT WORTH, Texas (AP) _ Range Resources Corp. (RRC) on Monday reported first-quarter net income of $1.4 million.

The Fort Worth, Texas-based company said it had profit of 1 cent per share. Earnings, adjusted for non-recurring costs, were 36 cents per share.

The results exceeded Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 24 cents per share.

The independent oil and gas company posted revenue of $748.1 million in the period, also surpassing Street forecasts. Seven analysts surveyed by Zacks expected $722.3 million.

Range Resources shares have climbed almost 3 percent since the beginning of the year, while the Standard & Poor's 500 index has increased 16 percent. In the final minutes of trading on Monday, shares hit $9.83, a fall of 31 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on RRC at https://www.zacks.com/ap/RRC