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Chesapeake Energy Corp. (NYSE: CHK) stock closed up nearly 0.5%, despite the fact that the company reported a net income loss of 67% compared to the previous year.
CHK reported Q2 net income of $0.22 per share, which was down from $0.66 per share in the same quarter last year. Excluding one-time items, earnings per share (EPS) was $0.36. That was down from the $0.44 per share analysts polled by Bloomberg had anticipated.