logo
  

Range Resources Q1 Profit Rises

Range Resources Corp. (RRC) reported that its first-quarter net income significantly increased to $144.98 million or $0.58 per share from $1.42 million or $0.01 per share last year.

Non-GAAP net income for the latest-quarter was $10 million or $0.04 per share.

Total revenues and other income was $693.92 million down from $748.14 million in the prior year.

Analysts polled by Thomson Reuters expected the company to report a loss of $0.01 per share and revenues of $563.13 million for the quarter. Analysts' estimates typically exclude special items.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Financial services firm Morgan Stanley (MS) reported Wednesday a profit for the fourth quarter that increased 10 percent from last year, reflecting 7 percent revenue growth amidst strength in Wealth Management and Investment Management business segments. Bank of America Corp. (BAC) reported Thursday that net income applicable to common shareholders for the fourth quarter grew 30 percent to $6.77 billion from last year's $5.21 billion, with earnings per share increasing to $0.82 from $0.59 in the prior year, reflecting strong operating leverage as revenues... Shares of ASML Holding N.V. were gaining more than 1 percent in Amsterdam trading after the Dutch semiconductor equipment maker reported Wednesday higher profit and net sales in its fourth quarter. The company also projects higher sales in fiscal 2022, and a 100 percent increase in total dividend.
Follow RTT