Chesapeake Energy Corporation (CHK) Earnings Beat, But Stock Drops

Chesapeake Energy Corporation (NYSE:CHK) showed its earnings report for the three months through September 2013 this morning before the market opened on Wall Street. The company showed earnings of 24 cents per share for the three months on revenue totaling $4.87 billion. Despite the beat on revenue, shares in Chesapeake declined through the day.

In the run-up to the release of this morning's earnings report, analysts following Chesapeake Energy Corporation (NYSE:CHK) were looking for earnings of 42 cents per share for the third quarter. Consensus revenue estimates, which were garnered from a...