Recap: Westlake Q4 Earnings
Portfolio Pulse from Benzinga Insights
Westlake (NYSE:WLK) reported Q4 earnings with an EPS of $0.72, missing estimates by 20.0% and showing a revenue decrease of $473 million from the previous year. This follows a quarter where the company beat EPS estimates and saw a 2.2% share price increase.
February 20, 2024 | 11:35 am
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Westlake's Q4 earnings missed estimates significantly, with a 20.0% lower EPS than expected and a notable revenue decrease from the previous year.
Missing earnings estimates by a significant margin, especially by 20.0%, typically leads to negative investor sentiment and can cause a short-term decrease in stock price. The historical context of a share price increase following a previous earnings beat suggests heightened sensitivity to earnings performance among investors.
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