Westlake Chemical Q1 2024 GAAP EPS $0.42 Misses $0.43 Estimate, Sales $284.673M Beat $281.000M Estimate
Portfolio Pulse from Benzinga Newsdesk
Westlake Chemical (NYSE:WLKP) reported Q1 2024 earnings of $0.42 per share, missing the consensus estimate of $0.43 by 2.33%. Sales were $284.673M, exceeding estimates by 1.31% but marking a 7.48% decrease from the previous year.

May 01, 2024 | 10:32 am
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Westlake Chemical reported Q1 2024 earnings below estimates but surpassed revenue expectations, with a year-over-year sales decline.
The slight miss in EPS might concern investors, but the beat on revenue estimates could offset negative sentiment. The year-over-year sales decline indicates potential challenges in growth or market conditions, which investors need to monitor. The mixed results present a neutral outlook in the short term, as the positive revenue surprise could balance out the negative impact of the earnings miss and sales decline.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100