— Chesapeake Energy Corporation (NYSE: CHK) reported a loss of $0.04 per share in the fourth quarter of 2019, vs $0.06 per share loss expected.
— Q4 revenue fell 31% to $1.9 billion, vs. $2.1 billion expected.
— Oil production grew approximately 45% YoY in Q4 amidst decline in average prices for its oil, natural gas and NGL production.
— For 2020, the company sees Capex budget cut of about 30%. Chesapeake also plans to maintain flat oil production, while decreasing gas production.
— CHK shares rose 4.7% immediately following the announcement.
The recent travel restrictions have taken a heavy toll on the tourism industry, leaving almost all destinations deserted. Vail Resorts Inc. (NYSE: MTN), a leading operator of mountain ski resorts,
Shares of Boeing Co. (NYSE: BA) were up 13% in afternoon hours on Monday. The stock is down 63% from its 52-week high of $391. As the aviation industry suffers
Shareholders of online furniture retailer Wayfair Inc. (NYSE: W) have been speculating about their returns for long, with the stock not making any meaningful gains in the past several months.