Chesapeake Energy: Q2 Earnings Snapshot

Associated Press Finance
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OKLAHOMA CITY (AP) — OKLAHOMA CITY (AP) — Chesapeake Energy Corp. (CHK) on Monday reported a loss of $227 million in its second quarter.

The Oklahoma City-based company said it had a loss of $1.73 per share. Earnings, adjusted for non-recurring costs, were 1 cent per share.

The results fell short of Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 2 cents per share.

The oil and gas company posted revenue of $505 million in the period. Its adjusted revenue was $378 million, also falling short of Street forecasts. Three analysts surveyed by Zacks expected $556.4 million.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CHK at https://www.zacks.com/ap/CHK