24.07.2023 22:40:59 - dpa-AFX: Range Resources Corp. Q2 Profit Decreases, but beats estimates
WASHINGTON (dpa-AFX) - Range Resources Corp. (RRC) announced a profit for
second quarter that decreased from last year but beat the Street estimates.
The company's bottom line came in at $30.23 million, or $0.12 per share. This
compares with $452.86 million, or $1.77 per share, in last year's second
quarter.
Excluding items, Range Resources Corp. reported adjusted earnings of $71.76
million or $0.30 per share for the period.
Analysts on average had expected the company to earn $0.24 per share, according
to figures compiled by Thomson Reuters. Analysts' estimates typically exclude
special items.
The company's revenue for the quarter fell 48.2% to $636.98 million from $1.23
billion last year.
Range Resources Corp. earnings at a glance (GAAP) :
-Earnings (Q2): $30.23 Mln. vs. $452.86 Mln. last year.
-EPS (Q2): $0.12 vs. $1.77 last year.
-Analyst Estimates: $0.24
-Revenue (Q2): $636.98 Mln vs. $1.23 Bln last year.
Copyright(c) 2023 RTTNews.com. All Rights Reserved
Copyright RTT News/dpa-AFX