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.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WLK at https://www.zacks.com/ap/WLK
Copyright © 2023 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.
