FT WORTH, Texas (AP) _ Range Resources Corp. (RRC) on Thursday reported a first-quarter loss of $ 91.7 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Ft Worth, Texas-based company said it had a loss of 55 cents. Losses, adjusted for one-time gains and costs, came to 10 cents per share.
The results topped Wall Street expectations. The average estimate of 14 analysts surveyed by Zacks Investment Research was for a loss of 18 cents per share.
The independent oil and gas company posted revenue of $ 331.4 million in the period, missing Street forecasts. Nine analysts surveyed by Zacks expected $ 337.7 million.
Range Resources shares have increased 66 percent since the beginning of the year, while the Standard & Poor’s 500 index has climbed almost 2 percent. In the final minutes of trading on Thursday, shares hit $ 40.75, a fall of 35 percent in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on RRC at http://www.zacks.com/ap/RRC
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Keywords: Range Resources, Earnings Report
