HOUSTON (AP) — HOUSTON (AP) — Westlake Corporation (WLK) on Tuesday reported a loss of $169 million in its first quarter.
The Houston-based company said it had a loss of $1.31 per share. Losses, adjusted for non-recurring costs, came to 77 cents per share.
The results fell short of Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 22 cents per share.
The chemical company posted revenue of $2.65 billion in the period, also missing Street forecasts. Five analysts surveyed by Zacks expected $2.87 billion.
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