logo
Share SHARE
FONT-SIZE Plus   Neg

Range Resources Q1 Loss Widens

Range Resources Corp. (RRC) reported a net loss for the first quarter of $42 million or $0.26 per share, compared to a net loss of $25 million or $0.16 per share for the year-ago quarter.

Excluding items, adjusted net income for the first quarter was $24 million or $0.15 per share, compared to $35 million or $0.22 per share in the prior year quarter.

Revenues for the first quarter rose 16% to $246.89 million from $212.56 million a year earlier.

Analysts polled by Thomson Reuters expected the company to earn $0.13 per share on revenue of $309.67 million for the first quarter. Analysts' estimates typically exclude special items.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Bimbo Bakeries is recalling packages of certain bread products across 11 states, after it received three consumer-reports of small pieces of glass found on the outside of the bread. Design software maker Autodesk, Inc. said Thursday after the markets closed that it swung to a second quarter loss, hurt by lower revenue and a hefty tax charge. However, the company's quarterly earnings per share, excluding items, came in above analysts' expectations, but its quarterly revenue fell short of analysts' forecast. GameStop reported an increase in second-quarter profit, driven by strong same-store sales growth and improved margins, partly offset by a stronger dollar and one-time charges. Both earnings and sales surpassed Wall Street estimates. The video-game retailer lifted its guidance for 2015. GameStop shares gained about 2 percent in after-hours trade.
comments powered by Disqus
RELATED NEWS
Trade RRC now with 
Follow RTT