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LyondellBasell Industries Earnings, Revenue miss in Q2

Published 2019-08-02, 06:35 a/m
© Reuters.  LyondellBasell Industries Earnings, Revenue miss in Q2
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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

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar

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