Westlake Chemical Q4 EPS $0.41 Misses $0.45 Estimate, Sales $297.27M Miss $317.00M Estimate
Portfolio Pulse from Benzinga Newsdesk
Westlake Chemical (NYSE:WLKP) reported Q4 earnings of $0.41 per share, missing the consensus estimate of $0.45, and sales of $297.27M, missing the estimate of $317.00M. This represents a decrease in both earnings and sales compared to the same period last year.
February 20, 2024 | 11:32 am
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Westlake Chemical reported lower than expected Q4 earnings and sales, with a decrease compared to last year.
Missing both earnings and sales estimates indicates underperformance, which typically leads to negative investor sentiment and could result in a short-term decrease in stock price. The year-over-year decline further emphasizes the company's current challenges.
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IMPORTANCE 90
RELEVANCE 100