Westlake: Q1 Earnings Snapshot
By AP News
Published - May 04, 2023, 06:39 AM ET
Last Updated - Jun 21, 2023, 10:59 PM EDT
HOUSTON (AP) — HOUSTON (AP) — Westlake Chemical Corp. (WLK) on Thursday reported first-quarter profit of $394 million.
The Houston-based company said it had profit of $3.05 per share.
The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $2.05 per share.
The chemical company posted revenue of $3.36 billion in the period, also exceeding Street forecasts. Six analysts surveyed by Zacks expected $3.32 billion.
