AP NEWS

Westlake: 3Q Earnings Snapshot

November 5, 2019

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.

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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