Westlake Chemical Corporation (WLK Quick QuoteWLK - Free Report) is a vertically integrated international producer and supplier of petrochemicals, polymers and fabricated products. 

 

 

Westlake Chemical’s adjusted earnings were $1.62 per share for the fourth quarter. It missed the Zacks Consensus Estimate of $1.69 per share.

Westlake Chemical posted fourth-quarter revenues of $2,010 million, up 15.9% year over year. It missed the Zacks Consensus Estimate of $2,073 million. 

 

 

Investors should note that the earnings estimate for Westlake Chemical for the fourth quarter has been going up over the last month. Westlake Chemical has beaten the Zacks Consensus Estimate in all the trailing four quarters with an average beat of 23.5%.

 

 

The company noted that since its Axiall transaction in August 2016, it has made considerable progress in integration and improvement activities and continues to invest to improve operations and create additional value related to the transaction. 

 

 

Westlake Chemical currently has a Zacks Rank #2 (Buy), but that could change following its earnings report which has just released. Meanwhile, you can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

 

 

Westlake Chemical’s shares were inactive following the release. It would be interesting to see how the market reacts to the results during the trading session today.

 

Check back later for our full write up on Westlake Chemical’s earnings report!

 

 

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