Westlake Chemical Q3 GAAP EPS $0.37 Vs $0.42 Prior Year, Sales $321.66M Miss $357.02M Estimate
Portfolio Pulse from Benzinga Newsdesk
Westlake Chemical (NYSE:WLKP) reported Q3 earnings of $0.37 per share, a decrease of 11.9% from the same period last year. The company's quarterly sales were $321.66 million, missing the analyst consensus estimate of $357.02 million by 9.90%. This represents a 22.51% decrease in sales compared to the same period last year.
November 02, 2023 | 10:33 am
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NEGATIVE IMPACT
Westlake Chemical's Q3 earnings and sales missed estimates, with a significant decrease in both earnings per share and sales compared to the same period last year.
Westlake Chemical's lower than expected Q3 earnings and sales, along with a significant YoY decrease, could negatively impact investor sentiment and potentially lead to a decrease in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100