Reuters/Anna Driver
- Chesapeake Energy‘s stock rose nearly 20% on Thursday after the company reported a strong earnings quarter.
- The company said that it would maintain its production levels from 2017 into 2018.
- Watch Chesapeake Energy’s stock move in real time here.
Shares of Chesapeake Energy climbed nearly 20% on Thursday morning after the petroleum and natural gas company reported fourth-quarter earnings that beat Wall Street’s forecasts.
Chesapeake reported an adjusted earnings of $ 0.30 per share, topping Wall Street’s estimates of $ 0.24 per share. Its quarterly revenues were $ 2.59 billion, above expectations of $ 2.28 billion. See the rest of the story at Business Insider
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SEE ALSO: Chesapeake Energy is dropping after laying off 13% of its workforce
