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Range Resources Q1 Loss Widens

Range Resources Corporation (RRC) Thursday reported first-quarter net loss of 75.6 million or $0.47 per share, compared to $41.8 million or $0.26 per share last year.

Adjusted earnings for the quarter rose to $0.33 per share from $0.15 per share last year.

Total revenues and other income for the quarter grew 27 percent to $319.2 million from $251.0 million last year.

Analysts polled by Thomson Reuters expected the company to report profit of $0.15 per share on revenue of $387.11 million for the quarter. Analysts' estimates typically exclude special items.

by RTTNews Staff Writer

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