Range Resources: Q2 Earnings Snapshot
FORT WORTH, Texas (AP) — FORT WORTH, Texas (AP) — Range Resources Corp. (RRC) on Monday reported second-quarter earnings of $30.2 million.
On a per-share basis, the Fort Worth, Texas-based company said it had net income of 12 cents. Earnings, adjusted for non-recurring costs and stock option expense, came to 30 cents per share.
The results topped Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 21 cents per share.
The independent oil and gas company posted revenue of $637 million in the period. Its adjusted revenue was $586.3 million, also exceeding Street forecasts. Eight analysts surveyed by Zacks expected $584.4 million.
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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
