Westlake Corporation Q2 Profit Advances, Beats Estimates

(RTTNews) - Westlake Corporation (WLK) announced earnings for its second quarter that increased from the same period last year and beat the Street estimates.

The company's bottom line came in at $313 million, or $2.40 per share. This compares with $297 million, or $2.31 per share, in last year's second quarter.

Analysts on average had expected the company to earn $1.99 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 1.4% to $3.207 billion from $3.251 billion last year.

Westlake Corporation earnings at a glance (GAAP) :

-Earnings (Q2): $313 Mln. vs. $297 Mln. last year. -EPS (Q2): $2.40 vs. $2.31 last year. -Revenue (Q2): $3.207 Bln vs. $3.251 Bln last year.