Chesapeake Energy Misses Q4 Earnings Estimates
Chesapeake Energy (NYSE: CHK) released its fourth-quarter earnings results on Tuesday after the closing bell. The Oklahoma City based company reported net income applicable to commons shareholders of $429 million or $0.63 per share, versus $180 million or $0.28 per share, in last year's corresponding quarter.
On an adjusted basis, which is comparable to analysts' consensus, Chesapeake reported net income of $394 million or $0.58 per share, for the fourth quarter. This missed Wall Street consensus EPS estimates of $0.59.
Revenues for the quarter were $2.73 billion versus $1.98 billion last year. This also came up short of analysts' consensus estimates of $3.05 billion.
Despite the disappointing report, CHK shares were trading up 0.37% to $24.71 in Tuesday's after hours session. Expect the stock to be active tomorrow morning.
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