Investing.com - Range Resources (NYSE:RRC) reported on Tuesday first quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Range Resources announced earnings per share of $1.18 on revenue of $180.74M. Analysts polled by Investing.com anticipated EPS of $1.17 on revenue of $854.4M.
Range Resources shares are down 5.89% from the beginning of the year, still down 14.76% from its 52 week high of $34.61 set on April 18. They are under-performing the EUR/USD which is down 0% from the start of the year.
Range Resources follows other major Energy sector earnings this month
Range Resources's report follows an earnings beat by Schlumberger on Friday, who reported EPS of $0.34 on revenue of $5.96B, compared to forecasts EPS of $0.3321 on revenue of $5.91B.
Valero Energy had beat expectations on Tuesday with first quarter EPS of $2.31 on revenue of $38.54B, compared to forecast for EPS of $1.67 on revenue of $30.83B.
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