HOUSTON (AP) _ Westlake Chemical Corp. (WLK) on Tuesday reported third-quarter profit of $210.8 million.
On a per-share basis, the Houston-based company said it had profit of $1.61. Earnings, adjusted for non-recurring costs, came to $1.65 per share.
The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.39 per share.
The chemical company posted revenue of $2.11 billion in the period, which fell short of Street forecasts. Three analysts surveyed by Zacks expected $2.12 billion.
Westlake shares have increased 54 percent since the beginning of the year. The stock has increased 71 percent in the last 12 months.