FX.co ★ Range Resources Corp. Q3 Profit Increases, Beats Estimates

Range Resources Corporation (RRC) has announced a rise in its third-quarter earnings compared to the previous year, surpassing analysts' expectations. The company recorded a net income of $50.66 million or $0.21 per share, an increase from $49.43 million or $0.20 per share in the same quarter last year. Excluding special items, Range Resources' adjusted earnings reached $117.03 million or $0.48 per share. This performance exceeded the average analyst forecast of $0.38 per share, as aggregated by Thomson Reuters. Analysts' projections typically do not account for special items.

The company's quarterly revenue experienced a slight increase of 0.9%, amounting to $615.03 million, up from $609.72 million in the previous year.

A summary of Range Resources Corporation's financial performance for the third quarter on a GAAP basis includes:

- Earnings: $50.66 million, compared to $49.43 million last year.

- Earnings Per Share (EPS): $0.21, compared to $0.20 in the prior year.

- Revenue: $615.03 million, compared to $609.72 million last year.