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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NEGATIVE IMPACT
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.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100