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Range Resources: 2Q Earnings Snapshot

July 25, 2019

FORT WORTH, Texas (AP) _ Range Resources Corp. (RRC) on Thursday reported second-quarter net income of $115.2 million, after reporting a loss in the same period a year earlier.

The Fort Worth, Texas-based company said it had profit of 46 cents per share. Earnings, adjusted for non-recurring gains, were 2 cents per share.

The results beat Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was breakeven on a per-share basis.

The independent oil and gas company posted revenue of $851.4 million in the period, also exceeding Street forecasts. Seven analysts surveyed by Zacks expected $649.3 million.

Range Resources shares have fallen 46% since the beginning of the year, while the Standard & Poor’s 500 index has risen 20%. In the final minutes of trading on Thursday, shares hit $5.13, a decrease of 68% 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 https://www.zacks.com/ap/RRC

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