Westlake Chemical Q2 EPS $0.34 Misses $0.36 Estimate, Sales $264.18M Miss $287.47M Estimate
Portfolio Pulse from Benzinga Newsdesk
Westlake Chemical (NYSE:WLKP) reported Q2 earnings of $0.34 per share, missing the analyst consensus estimate of $0.36 by 5.56%. The company's quarterly sales were $264.18 million, missing the analyst consensus estimate of $287.47 million by 8.10%. This represents a 27.66% decrease in earnings and a 41.14% decrease in sales compared to the same period last year.
August 04, 2023 | 12:49 pm
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NEGATIVE IMPACT
Westlake Chemical's Q2 earnings and sales fell short of analyst estimates, indicating a potential negative impact on the company's stock.
Westlake Chemical's earnings and sales for Q2 have both missed analyst estimates, which could lead to a decrease in investor confidence and a potential drop in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100