Range Resources Corp. Announces 91% Drop In Q3 Bottom Line

(RTTNews) - Range Resources Corp. (RRC) revealed a profit for third quarter that declined compared to the same period last year.

The company said its profit totaled $5.46 million, or $0.03 per share. This was down from $62.15 million, or $0.37 per share, in last year's third quarter.

Analysts had expected the company to earn -$0.05 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 22.3% to $479.25 million. This was down from $616.62 million last year.

Range Resources Corp. earnings at a glance:

-Earnings (Q3): $5.46 Mln. vs. $62.15 Mln. last year. -Earnings Decline (Y-o-Y): -91.2% -EPS (Q3): $0.03 vs. $0.37 last year. -EPS Decline (Y-o-Y): -91.9% -Analysts Estimate: -$0.05 -Revenue (Q3): $479.25 Mln vs. $616.62 Mln last year. -Revenue Change (Y-o-Y): -22.3%