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Westlake Chemical (NYSE:WLK) on Monday said it's looking for FY2019 earnings per share of $3.10-$4.28 versus the previous $5.15 estimate.
The company sees sales of $8 billion-$8.8 billion compared to the previous $8.59 billion estimate.
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Westlake Chemical manufactures and markets basic chemicals such as vinyls and polymers. It operates through two segments, Olefins and Vinyls.
Westlake Chemical shares are trading down 0.5% at $69.10. The stock has a 52-week high of $112.85 and a 52-week low of $57.20 per share.
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Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.