Westlake Chemical Q4 Profit Rises - Quick Facts

(RTTNews) - Westlake Chemical Corp. (WLK) reported that fourth-quarter net income increased to a record $183.29 million or $1.37 per share from $170.3 million or $1.27 per share in the prior-year quarter.

Results for the latest quarter include a negative impact of $0.03 per share, as a result of an impairment of an equity investment.

On average, 10 analysts polled by Thomson Reuters expected the company to report earnings of $1.38 per share for the quarter. Analysts' estimates typically exclude special items.

Sales for the quarter increased to $1.14 billion from $951.63 million in the same quarter last year, while analysts were looking for sales of $1.18 billion.