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Range Resources: Q2 Earnings Snapshot

FORT WORTH, Texas (AP) — FORT WORTH, Texas (AP) — Range Resources Corp. (RRC) on Tuesday reported second-quarter net income of $195.3 million.

On a per-share basis, the Fort Worth, Texas-based company said it had net income of 83 cents. Earnings, adjusted for one-time gains and costs, were 79 cents per share.

The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 56 cents per share.

The independent oil and gas company posted revenue of $833.6 million in the period. Its adjusted revenue was $795.3 million, also beating Street forecasts. Four analysts surveyed by Zacks expected $719.5 million.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on RRC at https://www.zacks.com/ap/RRC

Target faces renewed backlash after stocking Halloween costume with ‘minstrel show features’

Retailer Target pulled a children’s Halloween costume from its shelves Monday after widespread social media backlash, apologizing for selling a garment critics said evoked racist minstrel caricatures. Critics say the costume, along with its promotional image of a Black child modeling the get-up, is reminiscent of caricatures from Jim Crow-era minstrel shows that embedded stereotypes into popular culture and helped justify discrimination, segregation and racial violence. “As a company, we know we got this wrong, and we are deeply sorry. The costume is offensive and should never have been part of our assortment. It is no longer available for sale,” Target said in a statement. “We know this is especially hurtful for our Black guests, team members and partners. Removing the costume is an important first step, and the company is looking closely at how this happened and what needs to change to ensure this won’t happen again.”
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