Range Resources: 3Q Earnings Snapshot

October 23, 2019 GMT

FORT WORTH, Texas (AP) _ Range Resources Corp. (RRC) on Wednesday reported a third-quarter loss of $27.6 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the Fort Worth, Texas-based company said it had a loss of 11 cents. Losses, adjusted for one-time gains and costs, came to 7 cents per share.

The results beat Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for a loss of 9 cents per share.

The independent oil and gas company posted revenue of $622.4 million in the period, also surpassing Street forecasts. Seven analysts surveyed by Zacks expected $599.4 million.

In the final minutes of trading on Wednesday, the company’s shares hit $3.83. A year ago, they were trading at $16.47.


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