Investing.com - Westlake Chemical (NYSE:WLK) reported on Thursday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Westlake Chemical announced earnings per share of $3.10 on revenue of $3.96B. Analysts polled by Investing.com anticipated EPS of $4.52 on revenue of $3.99B.
Westlake Chemical shares are up 17.25% from the beginning of the year, still down 31.96% from its 52 week high of $141.19 set on May 5.
Westlake Chemical follows other major Materials sector earnings this month
Westlake Chemical's report follows an earnings beat by Sherwin-Williams on October 25, who reported EPS of $2.83 on revenue of $6.05B, compared to forecasts EPS of $2.59 on revenue of $5.81B.
Air Products had beat expectations on Thursday with fourth quarter EPS of $2.89 on revenue of $3.57B, compared to forecast for EPS of $2.77 on revenue of $3.21B.
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