Market Movers Today: Chesapeake Energy Corporation (CHK), Whiting Petroleum Corp (WLL), Rovio Entertainment Oyj (ROVVF), Wayfair Inc (W), and More

Page 1 of 2

Chesapeake Energy Corporation (NYSE:CHK) (CNBC)
Shares of Chesapeake Energy popped Thursday after the shale gas pioneer reported quarterly profits and revenues that topped Wall Street’s expectations. The earnings beat was underscored by higher oil and gas production, better commodity prices and continued progress in cutting costs and chipping away at the driller’s debt load. The company’s stock was up 22 percent to just $3.22 a share Thursday morning. Shares of Chesapeake had fallen nearly 57 percent over the last year as the company reckoned with low natural gas and oil prices after years of borrowing heavily to expand operations.

Whiting Petroleum Corp (NYSE:WLL) (The Motley Fool)
What happened: Shares of Whiting Petroleum Corp (NYSE:WLL) are jumping today, rising more than 25% as of 10:45 a.m. EST, after the driller reported stronger-than-expected fourth-quarter results and a bullish outlook for 2018. So what: While the Bakken Shale-focused Whiting Petroleum reported an adjusted loss of $15.7 million, or $0.17 per share, that was a vast improvement from its year-ago adjusted loss of $82.6 million, or $1.12 per share. Furthermore, it was $0.13-per-share better than analysts expected.

stock, stocks, market, marketing, shares, share, global, chart, bonds, tax, capital, concept, graph, growth, background, rise, statistics, economy, bar, future, loss, business,


Rovio Entertainment Oyj (OTCMKTS:ROVVF) (MarketWatch)
Shares in Rovio Entertainment Ltd. fell by more than 45% on Thursday after the company behind the “Angry Birds” mobile-gaming franchise missed fourth-quarter sales expectations and warned revenue would be flat or lower in 2018 as it struggles to bring in and hold on to new players. The stock market rout pushed shares to less than half their September initial public offering price. The selling comes three months after Rovio reported disappointing earnings in late November, promoting a more than 20% fall in shares that day. The Finland-based company reports full-year 2017 results early next month.

Wayfair Inc (NYSE:W) (Benzinga)
Wayfair Inc’s stock lost more than 14 percent after the company’s fourth quarter earnings report solidifies the bear case, according to one notable short seller. What You Need To Know: Wayfair lost 58 cents per share in the fourth quarter on revenue of $1.439 billion, both of which fell short of the 52-cent loss and $1.36 billion Wall Street analysts were expecting. Net loss during the quarter also worsened from $44 million in the same quarter a year ago to $72.8 million.

Page 1 of 2