Westlake: 2Q Earnings Snapshot
HOUSTON (AP) _ Westlake Chemical Corp. (WLK) on Tuesday reported second-quarter earnings of $119 million.
The Houston-based company said it had net income of 92 cents per share.
The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 84 cents per share.
The chemical company posted revenue of $2.14 billion in the period, also topping Street forecasts. Three analysts surveyed by Zacks expected $2.1 billion.
Westlake shares have decreased nearly 7% since the beginning of the year. The stock has declined 38% in the last 12 months.