LyondellBasell Industries N.V. (LYB Quick QuoteLYB - Free Report) is among the leading plastics, chemical and refining companies globally. 

 

 

LyondellBasell’s adjusted earnings came in at $2.73 per share for the fourth quarter. It surpassed the Zacks Consensus Estimate of $2.52.

 

 

LyondellBasell recorded revenues of $9,135 million, up roughly 17.9% year over year. It also beat the Zacks Consensus Estimate of $8,785 million.

 

 

Investors should note that the earnings estimate for LyondellBasell for the fourth quarter has seen an uptrend over the last 30 days. LyondellBasell has beaten the Zacks Consensus Estimate in two of the trailing four quarters while missing in the other two with an average positive surprise of 0.9%.

 

 

LyondellBasell noted that strong global demand and delays in capacity additions across the industry have led to improved outlook for 2018. The company intends to realize the benefits of strong operating rates across its global portfolio of assets and continue the upward trajectory in profitability for the Houston refinery. 

 

 

LyondellBasell currently has a Zacks Rank #3 (Hold).

 

 

LyondellBasell’s shares were inactive following the release. It would be interesting to see how the market reacts to the results during the trading session today.

 

Check back later for our full write up on LyondellBasell’s earnings report!

 

 

The total market cap of all cryptos recently surpassed $700 billion – more than a 3,800% increase in the previous 12 months. They’re now bigger than Morgan Stanley, Goldman Sachs and even Visa! The new asset class may expand even more rapidly in 2018 as new investors continue pouring in and Wall Street becomes increasingly involved.

 

Zacks’ has just named 4 companies that enable investors to take advantage of the explosive growth of cryptocurrencies via the stock market.