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Tuesday, May 4, 2010

Good News: Chesapeake(CHK) posts Q1 profit

After the close, Chesapeake Energy(CHK) reported a blowout quarter as it easily beat earnings and revenue estimates.

Shares of CHK are up 57 cents, or 2.4%, at $24.19 after the company reported better-thenexpected results, revenue up 40.4% at $2.8 billion, versus $2.37 billion expected, and profit per share of 82 cents, 12 cents ahead of expectations.

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