Investing.com - Range Resources (NYSE:RRC) reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Range Resources announced earnings per share of $0.04 on revenue of $693.9M. Analysts polled by Investing.com anticipated EPS of $-0.01 on revenue of $571.7M. That with comparison to EPS of $0.36 on revenue of $748.14M in the same period a year before. Range Resources had reported EPS of $0.08 on revenue of $605.6M in the previous quarter. Analysts are expecting EPS of $-0.25 and revenue of $477.63M in the upcoming quarter.
Range Resources shares are up 20.21% from the beginning of the year , still down 40.14% from its 52 week high of $9.74 set on May 8, 2019. They are outperforming the EUR/USD which is down 0% year to date.
Range Resources shares lost 0.51% in after-hours trade following the report.
Range Resources follows other major Energy sector earnings this month
Range Resources's report follows an earnings beat by Royal Dutch Shell B ADR on Thursday, who reported EPS of $0.74 on revenue of $60.96B, compared to forecasts EPS of $0.52 on revenue of $65.15B.
BP ADR had matched expectations on Tuesday with first quarter EPS of $0.24 on revenue of $59.54B, compared to forecast for EPS of $0.24 on revenue of $48.03B.
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