Range Resources Corp. Q4 Profit Increases, but misses estimates

Range Resources Corp. (RRC) released earnings for its fourth quarter that increased from the same period last year but missed the Street estimates.

The company's bottom line came in at $891.37 million, or $3.47 per share. This compares with $38.40 million, or $0.15 per share, in last year's fourth quarter.

Excluding items, Range Resources Corp. reported adjusted earnings of $241.57 million or $0.96 per share for the period.

Analysts on average had expected the company to earn $0.98 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 161.7% to $1.57 billion from $0.60 billion last year.

Range Resources Corp. earnings at a glance (GAAP) :

-Earnings (Q4): $891.37 Mln. vs. $38.40 Mln. last year.
-EPS (Q4): $3.47 vs. $0.15 last year.
-Analyst Estimate: $0.98
-Revenue (Q4): $1.57 Bln vs. $0.60 Bln last year.

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