Westlake: 3Q Earnings Snapshot

November 6, 2018

HOUSTON (AP) _ Westlake Chemical Corp. (WLK) on Tuesday reported third-quarter net income of $308 million.

On a per-share basis, the Houston-based company said it had profit of $2.35.

The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $2.24 per share.

The chemical company posted revenue of $2.26 billion in the period, also topping Street forecasts. Three analysts surveyed by Zacks expected $2.23 billion.

Westlake shares have dropped 30 percent since the beginning of the year. The stock has fallen 13 percent in the last 12 months.


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

Update hourly