Westlake Chemical WLK reported a 43% surge in its second-quarter earnings.
Westlake's quarterly profit rose to $115.5 million, or $1.72 per share, versus a year-ago profit of $81 million, or $1.21 per share.
Its sales dropped 1.2% to $914 million. However, analysts were expecting earnings of $1.41 per share on revenue of $953 million.
Its gross margin rose to 22.1% from 18.1%.
Westlake shares closed at $59.44 yesterday.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in