Westlake Corporation's Q3 earnings of $1.41 per share missed expectations, yet shares rose.

Westlake Corporation reported Q3 earnings of $1.41 per share, missing analysts' expectations of $2.21, alongside revenue of $3.12 billion, below the $3.31 billion forecast. Despite the earnings miss, shares rose by over $4.00. Analysts have varied opinions on the stock, with target prices ranging from $135 to $180. Westlake operates globally, focusing on specialty chemicals and reported a quarterly dividend increase to $0.525 per share.

November 06, 2024
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