Westlake: 3Q Earnings Snapshot
HOUSTON (AP) _ Westlake Chemical Corp. (WLK) on Tuesday reported third-quarter earnings of $158 million.
On a per-share basis, the Houston-based company said it had net income of $1.22.
The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.02 per share.
The chemical company posted revenue of $2.07 billion in the period, missing Street forecasts. Three analysts surveyed by Zacks expected $2.13 billion.
Westlake shares have risen slightly more than 3% since the beginning of the year. The stock has declined almost 8% in the last 12 months.