Investing.com - LyondellBasell Industries (NYSE:LYB) reported first quarter earnings that missed analysts' expectations on Friday and revenue that fell short of forecasts.
The firm reported earnings per share of $1.47 on revenue of $7.49B. Analysts polled by Investing.com expected EPS of $1.56 on revenue of $7.74B. That compared to EPS of $2.22 on revenue of $8.78B in the same period a year earlier. The company had reported EPS of $1.83 on revenue of $8.18B in the previous quarter.
For the year, LyondellBasell Industries shares are down 38.66%, under-performing the S&P 500 which is down 10.24% year to date.
LyondellBasell Industries follows other major Basic Materials sector earnings this month
On Thursday, April 23, 2020, Air Products reported second quarter EPS of $2.04 on revenue of $2.22B, compared to forecasts of EPS of $2.08 on revenue of $2.16B.
Sherwin-Williams earnings beat analyst's expectations on Wednesday, with first quarter EPS of $4.08 on revenue of $4.15B. Investing.com analysts expected EPS of $3.92 on revenue of $4.13B
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