Chesapeake Energy Posts Higher Profit
With an increase in profit, Chesapeake Energy (NYSE: CHK) beat analysts' expectations in the third quarter. To gain insight into why the company reported as it did, investors might review the company's industry, financials, and commentary.
Earnings and Revenue:
Chesapeake Energy announced adjusted net income of 72 cents/share versus the 65 cents/share estimate.
Income:
For the year, Chesapeake Energy reported net income of $2.93/share. The company trumped analyst projections of $2.75 by 6.5%.
Conference Call:
The conference call for third quarter earnings can be accessed here.
Industry:
The oil-US export and production company's industry is currently enjoying price/earnings growth of 0.2%.
What to Do Next:
That's it -- now you have all the facts to help you decide whether to buy, sell or hang onto your Chesapeake Energy shares. And don't forget to check in with us before next earnings season for a full preview of the company's next release.
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