Range Resources Q2 EPS $0.30 Beats $0.25 Estimate, Sales $589.83M Beat $572.28M Estimate
Portfolio Pulse from Benzinga Newsdesk
Range Resources (NYSE:RRC) reported Q2 earnings of $0.30 per share, beating the analyst consensus estimate of $0.25 by 20%. However, this is a 76.38% decrease from the same period last year. The company also reported quarterly sales of $589.83 million, beating the estimate of $572.28 million by 3.07%, but this is a 44.20% decrease from last year.
July 24, 2023 | 8:31 pm
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NEUTRAL IMPACT
Range Resources reported better than expected Q2 earnings and sales, but both figures are significantly lower than the same period last year.
While Range Resources beat estimates for Q2, the significant YoY decrease in both earnings and sales could potentially worry investors, leading to a neutral short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100