Westlake Chemical Corporation Announces Second Quarter 2018 Results

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Go back to Westlake Chemical Corporation Announces Second Quarter 2018 Results

Westlake Chemical (WLK) PT Raised to $125 at Deutsche Bank

August 3, 2018 8:57 AM EDT

Deutsche Bank raised its price target on Westlake Chemical (NYSE: WLK) to $125.00 (from $115.00) while maintaining a Buy rating.

Analyst David Begleiter commented, "C/A margins elevated thru '21. Valuation attractive at 6.8x EBITDA. Buy. Westlake shares fell 8.1% (S&P: +0.5%) following its Q2 release... More

Westlake Chemical (WLK) Misses Q2 EPS by 40c, Revenues Beat

August 2, 2018 6:33 AM EDT

Westlake Chemical (NYSE: WLK) reported Q2 EPS of $2.12, $0.40 worse than the analyst estimate of $2.52. Revenue for the quarter came in at $2.24 billion versus the consensus estimate of $2.2 billion.

Record quarterly net sales of $2,235 millionRecord quarterly income from operations of $404 millionNet... More