Investing.com - LyondellBasell Industries (NYSE:LYB) reported first quarter earnings that beat analysts' expectations on Friday and revenue that fell short of forecasts.
The firm reported earnings per share of $2.19 on revenue of $8.78B. Analysts polled by Investing.com forecast EPS of $2.18 on revenue of $9.46B. That compared to EPS of $3.11 on revenue of $9.77B in the same period a year earlier. The company had reported EPS of $1.8 on revenue of $8.88B in the previous quarter.
For the year, LyondellBasell Industries shares are up 6.61%, under-performing the S&P 500 which is up 18.14% year to date.
LyondellBasell Industries follows other major Basic Materials sector earnings this month
On Wednesday, Vale ADR reported first quarter EPS of $0.46 on revenue of $8.53B, compared to forecasts of EPS of $0.48 on revenue of $9.48B.
Air Products earnings beat analyst's expectations on Wednesday, with second quarter EPS of $1.92 on revenue of $2.19B. Investing.com analysts expected EPS of $1.87 on revenue of $2.22B
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar