Investing.com - Westlake Chemical (NYSE:WLK) Partners LP reported on Thursday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Westlake Chemical Partners LP announced earnings per share of $0.42 on revenue of $364.27M. Analysts polled by Investing.com anticipated EPS of $0.49 on revenue of $399.22M.
Westlake Chemical Partners LP shares are down 39.61% from the beginning of the year, still down 20.95% from its 52 week high of $29.40 set on April 21.
Westlake Chemical Partners LP shares gained 7.57% in pre-market trade following the report.
Westlake Chemical Partners LP follows other major Materials sector earnings this month
Westlake Chemical Partners LP's report follows an earnings beat by Air Products on Thursday, who reported EPS of $2.89 on revenue of $3.57B, compared to forecasts EPS of $2.77 on revenue of $3.21B.
Sherwin-Williams had beat expectations on October 25 with third quarter EPS of $2.83 on revenue of $6.05B, compared to forecast for EPS of $2.59 on revenue of $5.81B.
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