LyondellBasell's (LYB) Q4 Earnings and Sales Lag Estimates
LYBLyondellBasell(LYB) Zacks Investment Research·2024-02-03 00:26

LyondellBasell Industries N.V. (LYB) recorded fourth-quarter 2023 profit of 185millionor56centspershare,reflectingafallofroughly48185 million or 56 cents per share, reflecting a fall of roughly 48% from the year-ago quarter's 353 million or 1.07pershare.LYBpostedadjustedearningsof1.07 per share. LYB posted adjusted earnings of 1.26 per share, down from the year-ago quarter figure of 1.29.ItmissedtheZacksConsensusEstimateof1.29. It missed the Zacks Consensus Estimate of 1.29. The company’s net sales in the fourth quarter were 9,929million,whichlaggedtheZacksConsensusEstimateof9,929 million, which lagged the Zacks Consensus Estimate of 10,384.4 million. Net sales decreased around 2. ...