Chesapeake Energy Q2 Adj $0.01 Down From $0.64 YoY, Sales $505.00M Miss $787.14M Estimate
Portfolio Pulse from Benzinga Newsdesk
Chesapeake Energy (NASDAQ:CHK) reported a significant decline in Q2 earnings and sales, with earnings per share dropping 98.44% year-over-year to $0.01 and sales falling 73.29% to $505 million, missing analyst estimates by 35.84%.
July 29, 2024 | 8:03 pm
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Chesapeake Energy reported a drastic 98.44% drop in Q2 earnings per share to $0.01 and a 73.29% decline in sales to $505 million, missing analyst estimates by 35.84%.
The significant decline in both earnings and sales, coupled with missing analyst estimates, is likely to negatively impact Chesapeake Energy's stock price in the short term.
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