Range Resources Corp. Q3 Earnings Surpass Expectations

Range Resources Corp. has reported a significant increase in its third-quarter earnings, surpassing analysts' expectations. The company's net income reached $50.66 million, or $0.21 per share, compared to $49.43 million, or $0.20 per share, in the same quarter the previous year. Adjusted earnings, which exclude special items, were $117.03 million or $0.48 per share, exceeding the anticipated $0.38 per share by analysts surveyed by Thomson Reuters. Revenue for the quarter saw a slight increase of 0.9%, rising to $615.03 million from $609.72 million in the prior year.