UPDATE: Chesapeake Energy Posts Q3 Profit

Chesapeake Energy

swung to a profit in the third quarter. Chesapeake posted a quarterly profit of $202 million, or $0.24 per share, versus a year-ago loss of $2.01 billion, or $3.19 per share. Excluding one-time items, it earned $0.43 per share. Its revenue rose to $4.87 billion, from $2.97 billion. However, analysts were estimating earnings of $0.43 per share on revenue of $3.8 billion. Chesapeake shares gained 3.02% to $28.99 in pre-market trading.