Range Resources Q3 Adj EPS $0.46 Beats $0.35 Estimate, Adj Sales $648.77M Beat $603.74M Estimate
Portfolio Pulse from Benzinga Newsdesk
Range Resources (NYSE:RRC) reported Q3 adjusted earnings of $0.46 per share, beating the analyst consensus estimate of $0.35 by 31.43%. However, this is a 66.42% decrease from the same period last year. The company also reported adjusted sales of $648.77 million, surpassing the analyst consensus estimate of $603.74 million by 7.46%, but marking a 41.23% decrease from the same period last year.
October 24, 2023 | 8:47 pm
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NEUTRAL IMPACT
Range Resources' Q3 earnings and sales beat estimates but showed a significant decrease compared to the same period last year. This mixed result could lead to uncertainty in the market.
While Range Resources beat Q3 earnings and sales estimates, the significant YoY decrease could cause concern among investors. This could lead to uncertainty and potential volatility in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100