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StockProfiteer

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Thursday, 02/22/2018 8:33:23 AM

Thursday, February 22, 2018 8:33:23 AM

Post# of 18930
The Oklahoma City-based company said it had profit of 33 cents per share. Earnings, adjusted for non-recurring gains, came to 30 cents per share.

The results surpassed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 25 cents per share.

The natural gas company posted revenue of $2.52 billion in the period. Its adjusted revenue was $1.26 billion, also surpassing Street forecasts. Four analysts surveyed by Zacks expected $1.23 billion.

For the year, the company reported net income of $939 million, or 90 cents per share, swinging to a profit in the period. Revenue was reported as $4.99 billion.

The company's shares closed at $2.64. A year ago, they were trading at $6.08.

https://finance.yahoo.com/news/chesapeake-beats-street-4q-forecasts-125119840.html?.tsrc=rss
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