HOUSTON (AP) — HOUSTON (AP) — Westlake Chemical Corp. (WLK) on Tuesday reported a loss of $142 million in its second quarter.
The Houston-based company said it had a loss of $1.11 per share. Losses, adjusted for non-recurring costs, were 9 cents per share.
The results fell short of Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 6 cents per share.
The chemical company posted revenue of $2.95 billion in the period, which also did not meet Street forecasts. Five analysts surveyed by Zacks expected $3.04 billion.
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