Westlake: Q4 Earnings Snapshot

February 22, 2022 GMT

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.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WLK at https://www.zacks.com/ap/WLK