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HOUSTON (AP) — HOUSTON (AP) — Westlake Chemical Corp. (WLK) on Thursday reported first-quarter profit of $394 million.
The Houston-based company said it had profit of $3.05 per share.
The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $2.05 per share.
The chemical company posted revenue of $3.36 billion in the period, also exceeding Street forecasts. Six analysts surveyed by Zacks expected $3.32 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a WLK">Zacks stock report on WLK at https://www.zacks.com/ap/WLK