Westlake Chemical (WLK) Misses Q4 EPS by 31c, Revenues Miss

Westlake Chemical (NYSE: WLK) reported Q4 EPS of $0.56, $0.31 worse than the analyst estimate of $0.87. Revenue for the quarter came in at $1.88 billion versus the consensus estimate of $1.92 billion.

"We experienced a difficult economic environment in 2019 as a result of slower global economic growth, which has been impacted by international trade tensions," said Albert Chao, President and Chief Executive Officer. "In this challenging environment, we remained disciplined by focusing on efficiently operating our facilities and investing in initiatives which further our chain integration, lower our cost position, and leverage our current products and footprint around the world. We believe we are well positioned in the market with many of our operations sitting on the lower end of the global cost curve and expect to drive long-term value for our stockholders."

For earnings history and earnings-related data on Westlake Chemical (WLK) click here.

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