Range Resources Q3 Profit Down

(RTTNews) - Range Resources Corporation (RRC) Tuesday reported third-quarter net income of $49 million or $0.20 per share, down from $373.1 million or $1.49 per share last year.

Adjusted net income was $111 million or $0.46 per share in the third quarter, compared to $336.2 million or $1.37 per share last year.

Revenues for the third quarter were $610 million, down from $1.11 billion last year. Adjusted revenues for the third quarter were $649 million.

Analysts polled by Thomson Reuters expected earnings of $0.35 per share and revenues of $603.74 million for the quarter.