Westlake Chemical: Q4 Earnings Insights
Portfolio Pulse from Benzinga Insights
Westlake Chemical (NYSE:WLKP) reported Q4 earnings with an EPS of $0.41, missing estimates by 8.89% and a revenue decrease of $69.57 million from the previous year. This follows a pattern of missed EPS estimates in previous quarters, leading to a 3.25% share price drop after last quarter's earnings announcement.
February 20, 2024 | 11:35 am
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Westlake Chemical reported lower than expected Q4 earnings and a significant revenue decrease from the previous year, continuing a trend of missed EPS estimates.
Westlake Chemical's Q4 earnings miss and year-over-year revenue decrease, along with a history of missed EPS estimates, suggest potential short-term negative impact on the stock price. The previous quarter's miss led to a 3.25% drop in share price, indicating investor sensitivity to earnings performance.
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