Shares of Range Resources (NYSE: RRC) slumped more than 10% by 12:45 p.m. EDT on Wednesday, after the gas producer reported second-quarter results.
Range Resources earned an adjusted $16 million, or $0.06 per share in the second quarter. While that was a noticeable improvement from the second quarter of last year — when it lost $23 million, or $0.14 per share — it was below the consensus estimate by $0.02 per share.