Investing.com - LyondellBasell Industries (NYSE:LYB) reported second quarter earnings that missed analysts' expectations on Friday and revenue that fell short of forecasts.
The firm reported earnings per share of $2.7 on revenue of $9.05B. Analysts polled by Investing.com expected EPS of $2.84 on revenue of $9.65B. That compared to EPS of $3.34 on revenue of $10.21B in the same period a year earlier. The company had reported EPS of $2.22 on revenue of $8.78B in the previous quarter.
For the year, LyondellBasell Industries shares are down 1.91%, under-performing the S&P 500 which is up 19.24% year to date.
LyondellBasell Industries follows other major Basic Materials sector earnings this month
On Thursday, Vale ADR reported second quarter EPS of $-0.03 on revenue of $9.19B, compared to forecasts of EPS of $0.54 on revenue of $9.56B.
DuPont earnings beat analyst's expectations on Thursday, with second quarter EPS of $0.97 on revenue of $5.47B. Investing.com analysts expected EPS of $0.89 on revenue of $6.02B
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