Chesapeake Down 1% After Q4 Results

Chesapeake Energy

, a controversial company that is at the leading edge of America's natural gas market, released its fiscal fourth-quarter earnings results prior to the opening bell on Thursday. The company reported net income of $257 million or $0.39 per share, compared to $429 million or $0.63 per share, in last year's corresponding quarter. On an adjusted basis, net income was $153 million or $0.26 per share, which compared to analysts' consensus EPS estimates of $0.14. Total revenue was up to $3.54 billion from $2.73 billion in the year ago period. This was above analysts' consensus revenue estimates of $2.86 billion. Heading into the final hour of trade on Thursday, CHK was down around 1 percent.