Range Resources Corp. Q4 Profit Increases, but misses estimates

(RTTNews) - Range Resources Corp. (RRC) released earnings for its fourth quarter that increased from the same period last year but missed the Street estimates.

The company's bottom line came in at $891.37 million, or $3.47 per share. This compares with $38.40 million, or $0.15 per share, in last year's fourth quarter.

Excluding items, Range Resources Corp. reported adjusted earnings of $241.57 million or $0.96 per share for the period.

Analysts on average had expected the company to earn $0.98 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 161.7% to $1.57 billion from $0.60 billion last year.

Range Resources Corp. earnings at a glance (GAAP) :

-Earnings (Q4): $891.37 Mln. vs. $38.40 Mln. last year. -EPS (Q4): $3.47 vs. $0.15 last year. -Analyst Estimate: $0.98 -Revenue (Q4): $1.57 Bln vs. $0.60 Bln last year.