Westlake Third Quarter 2024 Earnings: Misses Expectations

Simply Wall St.11-06

Westlake (NYSE:WLK) Third Quarter 2024 Results Key Financial Results Revenue: US$3.12b (flat on 3Q 2023). Net income: US$108.0m (down 62% from 3Q 2023). Profit margin: 3.5% (down from 9.1% in 3Q 2023...

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All figures shown in the chart above are for the trailing 12 month  period. Revenue missed analyst estimates by 5.6%. Earnings per share  also missed analyst estimates by 61%.Looking ahead, revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Chemicals industry in the US.The company's share price is broadly unchanged from a week ago.Every company has them, and we've spotted   2 warning signs for Westlake   you should know about.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"WLK":"Westlake Chemical Corp"},"translate_title":"Westlake 2024年第三季度收益：未达预期","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"WLK":0.9},"content_text":"Westlake (NYSE:WLK) Third Quarter 2024 Results\nKey Financial Results\n\nRevenue: US$3.12b (flat on 3Q 2023).\nNet income: US$108.0m (down 62% from 3Q 2023).\nProfit margin: 3.5% (down from 9.1% in 3Q 2023).\nEPS: US$0.84 (down from US$2.21 in 3Q 2023).\n\n\n\n\n  NYSE:WLK Earnings and Revenue Growth November 6th 2024\n \n\nAll figures shown in the chart above are for the trailing 12 month (TTM) period\nWestlake Revenues and Earnings Miss Expectations\n Revenue missed analyst estimates by 5.6%. Earnings per share (EPS) also missed analyst estimates by 61%. \n Looking ahead, revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Chemicals industry in the US. \nPerformance of the American Chemicals industry.\n The company's share price is broadly unchanged from a week ago. \nRisk Analysis\n What about risks? Every company has them, and we've spotted   2 warning signs for Westlake   you should know about. \nHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2481009679"}