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FORT WORTH, Texas (AP) — FORT WORTH, Texas (AP) — Range Resources Corp. (RRC) on Tuesday reported first-quarter net income of $92.1 million.
The Fort Worth, Texas-based company said it had profit of 38 cents per share. Earnings, adjusted for non-recurring costs and stock option expense, were 69 cents per share.
The results topped Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 56 cents per share.
The independent oil and gas company posted revenue of $645.4 million in the period. Its adjusted revenue was $718.2 million, also surpassing Street forecasts. Nine analysts surveyed by Zacks expected $688.7 million.
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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