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image: Bloomberg

Chesapeake Energy stock falls again after earnings as oil and gas sales disappoint

August 3, 2018

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Shares of Chesapeake Energy Corp. tumbled in active trade Wednesday, after the company beat earnings expectations but came up short on revenue, as oil and gas sales fell well below Wall Street forecasts.

Chesapeake CHK, -0.90% swung to a net loss of $40 million, or 4 cents a share, in the quarter to June 30, from a profit of $470 million, or 47 cents a share, in the same period a year ago.

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