By Stephen Nakrosis

 

Chesapeake Energy Corp. (CHK) shares are trading lower Thursday, a day after it released first-quarter results that missed analysts' expectations.

At 1 p.m. EDT, shares of the oil and gas company had lost 7.34% and were trading at $2.67. Volume was higher than usual, with over 49.9 million shares trading, above the 65-day average volume of some 45.6 million.

Chesapeake reported its first-quarter results before the bell Wednesday. The company said it had revenue of $2.2 billion, below what analysts anticipated. Chesapeake also reported a net loss of $44 million, or 3 cents a share.

 

Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

 

(END) Dow Jones Newswires

May 09, 2019 13:32 ET (17:32 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
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