Investing.com - LyondellBasell Industries (NYSE:LYB) reported third quarter earnings that missed analysts' expectations on Friday and revenue that fell short of forecasts.
The firm reported earnings per share of $2.6 on revenue of $8.72B. Analysts polled by Investing.com forecast EPS of $2.75 on revenue of $9.07B. That compared to EPS of $2.96 on revenue of $10.16B in the same period a year earlier. The company had reported EPS of $2.71 on revenue of $9.05B in the previous quarter.
For the year, LyondellBasell Industries shares are up 7.86%, under-performing the S&P 500 which is up 22.63% year to date.
LyondellBasell Industries follows other major Basic Materials sector earnings this month
On Thursday, October 24, 2019, Vale ADR reported third quarter EPS of $0.32 on revenue of $10.22B, compared to forecasts of EPS of $0.51 on revenue of $10.49B.
Sherwin-Williams earnings beat analyst's expectations on Tuesday, October 22, 2019, with third quarter EPS of $6.65 on revenue of $4.87B. Investing.com analysts expected EPS of $6.47 on revenue of $4.83B
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