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 $185 million or 56 cents per share, reflecting a fall of roughly 48% from the year-ago quarter's $353 million or $1.07 per share.LYB posted adjusted earnings of $1.26 per share, down from the year-ago quarter figure of $1.29. It missed the Zacks Consensus Estimate of $1.29.The company’s net sales in the fourth quarter were $9,929 million, which lagged the Zacks Consensus Estimate of $10,384.4 million. Net sales decreased around 2.7% ...