Westlake Corporation (WLK) announced earnings for its second quarter that increased from the same period last year and beat the Street estimates.
The company's bottom line came in at $313 million, or $2.40 per share. This compares with $297 million, or $2.31 per share, in last year's second quarter.
Analysts on average had expected the company to earn $1.99 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter fell 1.4% to $3.207 billion from $3.251 billion last year.
Westlake Corporation earnings at a glance (GAAP) :
-Earnings (Q2): $313 Mln. vs. $297 Mln. last year.
-EPS (Q2): $2.40 vs. $2.31 last year.
-Revenue (Q2): $3.207 Bln vs. $3.251 Bln last year.
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