Westlake: Fourth Quarter Earnings Overview

Westlake Corporation Reports Fourth Quarter Loss

Westlake Corporation, headquartered in Houston, announced on Tuesday that it recorded a net loss of $544 million for the fourth quarter.

The company reported a per-share loss of $4.22. When excluding one-time expenses, the adjusted loss was $0.25 per share.

Despite the loss, these results were better than what analysts had anticipated. According to Zacks Investment Research, six analysts had predicted an average loss of $1.44 per share.

During the quarter, Westlake generated $2.53 billion in revenue, which fell short of the $2.57 billion expected by analysts surveyed by Zacks.

For the full year, Westlake reported a total loss of $1.51 billion, or $11.70 per share, with annual revenue reaching $11.17 billion.