Westlake Chemical Corporation WLKis slated to release first-quarter 2018 results before the market opens on May 3.
In the last reported quarter, the company recorded a net income of $802 million or $6.15 per share, marking an eight-fold rise from $99 million or 76 cents earned a year ago. The bottom line was boosted by a tax benefit of around $591 million.
Net sales went up around 15.9% year over year to $2,010 million but the figure missed the Zacks Consensus Estimate of $2,073 million.
Notably, Westlake Chemical surpassed the Zacks Consensus Estimate in three of the trailing four quarters while missing once, with an average positive surprise of 18.4%.
Let’s take a look at how things are shaping up for the forthcoming announcement.