Range Resources Corp. (RRC) announced a profit for fourth quarter that decreased from the same period last year but beat the Street estimates.
The company's bottom line totaled $94.84 million, or $0.39 per share. This compares with $310.03 million, or $1.27 per share, last year.
Excluding items, Range Resources Corp. reported adjusted earnings of $163.77 million or $0.68 per share for the period.
Analysts on average had expected the company to earn $0.60 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period fell 33.5% to $626.42 million from $941.46 million last year.
Range Resources Corp. earnings at a glance (GAAP) :
-Earnings: $94.84 Mln. vs. $310.03 Mln. last year.
-EPS: $0.39 vs. $1.27 last year.
-Revenue: $626.42 Mln vs. $941.46 Mln last year.
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