HOUSTON, Feb 17 (Reuters) - Chesapeake Energy Corp reported a narrower fourth-quarter loss as the natural gas company had fewer write-downs on the value of its assets.
Chesapeake, based in Oklahoma City, Oklahoma, said on Wednesday its net loss was $530 million, or 84 cents per share, compared with a loss of $1 billion, or $1.74 per share.
Excluding certain items, Chesapeake had a profit of 77 cents per share. On that basis, Wall Street analysts on average had expected a profit of 70 cents per share, according to Thomson Reuters I/B/E/S.
(Reporting by Anna Driver in Houston; Editing by Tim Dobbyn) Keywords: CHESAPEAKE/ (anna.driver@thomsonreuters.com; 1 713 210 8509; Reuters Messaging: anna.driver.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
Chesapeake, based in Oklahoma City, Oklahoma, said on Wednesday its net loss was $530 million, or 84 cents per share, compared with a loss of $1 billion, or $1.74 per share.
Excluding certain items, Chesapeake had a profit of 77 cents per share. On that basis, Wall Street analysts on average had expected a profit of 70 cents per share, according to Thomson Reuters I/B/E/S.
(Reporting by Anna Driver in Houston; Editing by Tim Dobbyn) Keywords: CHESAPEAKE/ (anna.driver@thomsonreuters.com; 1 713 210 8509; Reuters Messaging: anna.driver.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
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