Market Overview

UPDATE: Westlake Q3 Profit Rises 28%

Related WLK
Goldman Reinstate Coverage On Westlake Chemical, Sees 3% Downside
Westlake Chemical Shares Up 12% This Month; RBC Upgrades To Outperform
Cheap Stocks Vs. Value Traps - Update And Watchlist (Seeking Alpha)

Westlake Chemical (NYSE: WLK) reported a 28% rise in its third-quarter profit.

Westlake's quarterly profit surged to $87 million, or $1.30 per share, from $67.9 million, or $1.01 per share, in the year-ago period.

Its revenue fell 15% to $821.2 million. However, analysts were expecting earnings of $1.36 per share on revenue of $902 million.

Westlake's gross margin rose to 21% from 15.2%.

Westlake shares closed at $78.35 yesterday.

Posted-In: profitEarnings News


Related Articles (WLK)

View Comments and Join the Discussion!