Westlake Chemical (WLK) got here out with quarterly earnings of $1.22 per share, beating the Zacks
Westlake Chemical (WLK) got here out with quarterly earnings of $1.22 per share, beating the Zacks Consensus Estimate of $1.02 per share. This compares to earnings of $2.35 per share a 12 months in the past. These figures are adjusted for non-recurring objects.
This quarterly report represents an earnings shock of 19.61%. 1 / 4 in the past, it was anticipated that this chemical firm would publish earnings of $0.84 per share when it really produced earnings of $0.92, delivering a shock of 9.52%.
During the last 4 quarters, the corporate has surpassed consensus EPS estimates two occasions.
Westlake, which belongs to the Zacks Chemical – Plastic trade, posted revenues of $2.07 billion for the quarter ended September 2019, lacking the Zacks Consensus Estimate by 3.07%. This compares to year-ago revenues of $2.26 billion. The corporate has topped consensus income estimates simply as soon as over the past 4 quarters.
The sustainability of the inventory’s fast worth motion based mostly on the recently-released…