UPDATE: Westlake Chemical Q2 Profit Up 43%
Westlake Chemical (NYSE: WLK) reported a 43% surge in its second-quarter earnings.
Westlake's quarterly profit rose to $115.5 million, or $1.72 per share, versus a year-ago profit of $81 million, or $1.21 per share.
Its sales dropped 1.2% to $914 million. However, analysts were expecting earnings of $1.41 per share on revenue of $953 million.
Its gross margin rose to 22.1% from 18.1%.
Westlake shares closed at $59.44 yesterday.
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