Westlake: Q1 Earnings Snapshot
HOUSTON (AP) _ Westlake Chemical Corp. (WLK) on Tuesday reported first-quarter earnings of $756 million.
On a per-share basis, the Houston-based company said it had net income of $5.83.
The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $4.70 per share.
The chemical company posted revenue of $4.06 billion in the period, also surpassing Street forecasts. Four analysts surveyed by Zacks expected $3.44 billion.