23.04.2024 22:50:25 - dpa-AFX: Range Resources Corp. Q1 Profit Decreases, but beats estimates
WASHINGTON (dpa-AFX) - Range Resources Corp. (RRC) announced a profit for
first quarter that decreased from last year but beat the Street estimates.
The company's bottom line came in at $92.14 million, or $0.38 per share. This
compares with $481.45 million, or $1.95 per share, in last year's first quarter.
Excluding items, Range Resources Corp. reported adjusted earnings of $166.92
million or $0.69 per share for the period.
Analysts on average had expected the company to earn $0.57 per share, according
to figures compiled by Thomson Reuters. Analysts' estimates typically exclude
special items.
The company's revenue for the quarter fell 45.8% to $645.37 million from $1.19
billion last year.
Range Resources Corp. earnings at a glance (GAAP) :
-Earnings (Q1): $92.14 Mln. vs. $481.45 Mln. last year.
-EPS (Q1): $0.38 vs. $1.95 last year.
-Revenue (Q1): $645.37 Mln vs. $1.19 Bln last year.
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