Investing.com - LyondellBasell Industries (NYSE:LYB) reported third quarter earnings that beat analysts' expectations on Friday and revenue that topped forecasts.
The firm reported earnings per share of $1.27 on revenue of $6.78B. Analysts polled by Investing.com expected EPS of $1.11 on revenue of $6.65B. .
For the year, LyondellBasell Industries shares are down 17.65%, under-performing the S&P 500 which is up 2.46% year to date.
LyondellBasell Industries follows other major Basic Materials sector earnings this month
On Tuesday, Sherwin-Williams reported third quarter EPS of $8.29 on revenue of $5.12B, compared to forecasts of EPS of $7.78 on revenue of $5.07B.
Vale ADR earnings missed analyst's expectations on Wednesday, with third quarter EPS of $0.63 on revenue of $10.76B. Investing.com analysts expected EPS of $0.67 on revenue of $10.98B
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