WASHINGTON (dpa-AFX) - Range Resources Corp. (RRC) reported second-quarter net income of $51.3 million or $0.32 per share, compared to $9.1 million or $0.06 per share in the prior-year period.
Excluding certain one-time items, net income for the quarter was $43.2 million or $0.27 per share, up from $14.1 million or $0.09 per share in the comparable quarter last year. On average, 33 analysts polled by Thomson Reuters expected earnings of $0.18 per share for the quarter. Analysts' estimate typically excludes one-time items.
Total revenues and other income for the quarter declined 60 percent to $306.63 million from $191.18 million in the previous year quarter, while 20 analysts estimated revenues of $262.67 million for the quarter.
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