Westlake: Q4 Earnings Snapshot
HOUSTON (AP) _ Westlake Chemical Corp. (WLK) on Tuesday reported fourth-quarter earnings of $644 million.
On a per-share basis, the Houston-based company said it had profit of $4.98.
The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $4.62 per share.
The chemical company posted revenue of $3.51 billion in the period, also exceeding Street forecasts. Six analysts surveyed by Zacks expected $3.03 billion.
For the year, the company reported profit of $2.02 billion, or $15.58 per share. Revenue was reported as $11.78 billion.