Westlake Q2 2024 GAAP EPS $2.40 Beats $2.04 Estimate, Sales $3.207B Miss $3.237B Estimate
Portfolio Pulse from Benzinga Newsdesk
Westlake (NYSE:WLK) reported Q2 2024 earnings per share (EPS) of $2.40, beating the analyst estimate of $2.04 by 17.65%. However, sales of $3.207 billion missed the estimate of $3.237 billion by 0.93%. EPS increased by 3.9% year-over-year, while sales decreased by 1.35%.
August 06, 2024 | 10:32 am
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Westlake's Q2 2024 EPS of $2.40 beat estimates by 17.65%, but sales of $3.207 billion missed by 0.93%. EPS increased by 3.9% year-over-year, while sales decreased by 1.35%.
The significant beat on EPS is likely to have a positive short-term impact on the stock price, despite the slight miss on sales. The year-over-year increase in EPS further supports a positive outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100