Westlake Q1 EPS $1.34 Beats $1.12 Estimate, Sales $2.98B Beat $2.93B Estimate
Portfolio Pulse from Benzinga Newsdesk
Westlake (NYSE:WLK) reported Q1 earnings of $1.34 per share, surpassing the $1.02 estimate by 31.37%, but marking a 56.07% decrease from last year's $3.05. Sales reached $2.98B, exceeding the $2.93B forecast by 1.54%, yet down 11.35% from the previous year's $3.36B.
May 01, 2024 | 10:34 am
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Westlake's Q1 earnings and sales beat estimates but showed significant year-over-year declines.
While Westlake's earnings and sales for Q1 exceeded analyst expectations, the significant decrease from the previous year's figures could concern investors about the company's year-over-year growth trajectory. The mixed results—beating estimates but with substantial declines compared to last year—suggest a neutral short-term impact on the stock price as the market digests both the positive and negative aspects of the report.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100