Range Resources Posts Q2 Loss

(RTTNews) - Range Resources Corp. (RRC) Tuesday reported second-quarter net loss of $118.6 million or $0.71 per share, compared to last year's net income of $171.4 million or $1.04 per share last year.

Adjusted earnings for the quarter were $0.01 per share, down from $0.36 per share last year.

Total revenues for the quarter dropped to $247.5 million from $765.5 million last year. Total oil and gas sales were $258.0 million, down from $477.5 million last year.

Analysts polled by Thomson Reuters expected earnings of $0.04 per share on revenues of $405.58 million for the quarter. Analysts' estimates typically exclude special items.