Westlake Chemical Reports Q1 Net Profit of $83.5 million

Westlake Chemical Corp WLK reported its Q1 net profit at $83.5 million, or $1.25 per share, up from $17.6 million, or $0.27 per share, in the year-earlier period. The company's sales rose 11% to $867.3 million. However, analysts were expecting earnings of $0.98 per share on sales of $839.3 million. WLK shares gained 0.49% to close at $65.97 yesterday, Read more from Benzinga's Company news.