HOUSTON (AP) — HOUSTON (AP) — Westlake Chemical Corp. (WLK) on Tuesday reported fourth-quarter earnings of $232 million.
The Houston-based company said it had net income of $1.79 per share.
The results missed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $2.24 per share.
The chemical company posted revenue of $3.3 billion in the period, which also did not meet Street forecasts. Seven analysts surveyed by Zacks expected $3.31 billion.
For the year, the company reported profit of $2.25 billion, or $17.34 per share. Revenue was reported as $15.79 billion.
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