Chesapeake Energy Corp. Q4 adjusted earnings Beat Estimates

(RTTNews) - Chesapeake Energy Corp. (CHK) released earnings for its fourth quarter that increased from last year.

The company's bottom line came in at $486 million, or $0.49 per share. This compares with $309 million, or $0.33 per share, in last year's fourth quarter.

Excluding items, Chesapeake Energy Corp. reported adjusted earnings of $238 million or $0.21 per share for the period.

Analysts had expected the company to earn $0.19 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 21.8% to $3.07 billion from $2.52 billion last year.

Chesapeake Energy Corp. earnings at a glance:

-Earnings (Q4): $238 Mln. vs. $314 Mln. last year. -EPS (Q4): $0.21 vs. $0.30 last year. -Analysts Estimate: $0.19 -Revenue (Q4): $3.07 Bln vs. $2.52 Bln last year.