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Chesapeake (CHK) Stock Spiking on Q3 Results

NEW YORK (TheStreet) -- Shares of Chesapeake Energy (CHK) were jumping 6.4% to $5.65 in pre-market trading on Thursday after the company posted an unexpected adjusted profit for the 2016 third quarter.

Before the opening bell, the Oklahoma City-based natural gas company reported adjusted earnings of 9 cents per share, while analysts were forecasting a loss of 3 cents per share.

Total revenue for the quarter was $2.28 billion, above analysts' estimates of $2.18 billion. Oil and gas...