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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.

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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

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