CHK Tops Estimates: 26 Cents vs 14 Cents -- Isn't That Almost Double What "They" Were Expecting?
Reuters is reporting:
Chesapeake Energy Corp reported a quarterly profit that topped Wall Street views on Thursday, helped in part by lower-than-expected expenses.
Shares of Chesapeake rose 2.5 percent before the start of regular trading.
The earnings report came a day after Chesapeake said an
internal investigation of the financial dealings of its outgoing chief
executive, Aubrey McClendon, found no "intentional" wrongdoing.
The Oklahoma City, Oklahoma, company posted a profit of
$257 million, or 39 cents per share, in the fourth quarter, compared
with $429 million, or 63 cents per share, in the same period a year
earlier.
Excluding items, Chesapeake had a profit of 26 cents
per share. Analysts, on average, had expected 14 cents, according to
Thomson Reuters I/B/E/S.
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