Westlake Chemical Q2 2024 GAAP EPS $0.41 Misses $0.44 Estimate, Sales $284.168M Beat $270.000M Estimate
Portfolio Pulse from Benzinga Newsdesk
Westlake Chemical (NYSE:WLKP) reported Q2 2024 earnings per share (EPS) of $0.41, missing the analyst estimate of $0.44. However, the company beat sales estimates with $284.168 million, surpassing the expected $270.000 million. EPS increased by 20.59% year-over-year, and sales grew by 7.57%.
August 06, 2024 | 10:34 am
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Westlake Chemical's Q2 2024 EPS of $0.41 missed estimates by 6.82%, but sales of $284.168 million beat expectations by 5.25%. EPS increased by 20.59% YoY, and sales grew by 7.57%.
The mixed results, with EPS missing but sales beating estimates, create a neutral short-term impact. The YoY growth in both EPS and sales is positive, but the EPS miss may cause some investor concern.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100