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Chesapeake stock

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Chesapeake Energy (NYSE: CHK) Stock Flat on Earnings; This Is CHK's Most Important Figure

By , Associate Editor, Money Morning • @KyleAndersonMM -

CHK stock

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.

While the net income figures were down drastically, much of the other figures from the earnings report were quite positive. Especially this one…