HOUSTON (AP) — HOUSTON (AP) — Westlake Corporation (WLK) on Tuesday reported a loss of $544 million in its fourth quarter.
The Houston-based company said it had a loss of $4.22 per share. Losses, adjusted for non-recurring costs, were 25 cents per share.
The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of $1.44 per share.
The chemical company posted revenue of $2.53 billion in the period, which missed Street forecasts. Six analysts surveyed by Zacks expected $2.57 billion.
For the year, the company reported a loss of $1.51 billion, or $11.70 per share. Revenue was reported as $11.17 billion.
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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
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