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LyondellBasell Industries N.V. (LYB - Free Report) is among the leading plastics, chemical and refining companies globally.
Earnings
LyondellBasell’s adjusted earnings came in at $2.73 per share for the fourth quarter. It surpassed the Zacks Consensus Estimate of $2.52.
Revenues
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.
Estimate Trend & Surprise History
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%.
Key Stats/Developments to Note
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 Industries NV Price, Consensus and EPS Surprise
LyondellBasell currently has a Zacks Rank #3 (Hold).
Market Reaction
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!
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LyondellBasell (LYB) Q4 Earnings, Sales Beat Estimates
LyondellBasell Industries NV Price, Consensus and EPS Surprise | LyondellBasell Industries NV Quote