Chesapeake Energy 4Q EPS 33c >CHK
Last update: 2/21/2008 4:47:47 PM
DOW JONES NEWSWIRES
Chesapeake Energy Corp. (CHK), the largest independent U.S. natural gas producer, reported late Thursday fourth-quarter net income of $158 million, or 33 cents a share, falling sharply from $446 million, or 96 cents, a year ago.
Excluding one-time items, the company earned $466 million, or 93 cents a share, from ongoing operations.
Revenue for the three months ended Dec. 31 rose 12% to $2.09 billion.
Analysts surveyed by FactSet, who typically focus on ongoing operations, predicted the company would earn 82 cents a share on $1.96 billion in revenue. Shares of Oklahoma City, Okla.-based Chesapeake fell 1.5% to close at $44.18 ahead of the report.
-Jim Jelter; 415-439-6400; AskNewswires@dowjones.com
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(END) Dow Jones Newswires
February 21, 2008 16:47 ET (21:47 GMT) |
