Investing.com - LyondellBasell Industries (NYSE:LYB) reported second quarter earnings that missed analysts' expectations on Friday and revenue that fell short of forecasts.
The firm reported earnings per share of $0.68 on revenue of $5.55B. Analysts polled by Investing.com anticipated EPS of $0.69 on revenue of $5.75B. .
For the year, LyondellBasell Industries shares are down 30.9%, under-performing the S&P 500 which is up 0.48% year to date.
LyondellBasell Industries follows other major Basic Materials sector earnings this month
On July 23, Air Products reported third quarter EPS of $2.01 on revenue of $2.07B, compared to forecasts of EPS of $1.98 on revenue of $2.06B.
Vale ADR earnings missed analyst's expectations on Thursday, with second quarter EPS of $0.19 on revenue of $7.52B. Investing.com analysts expected EPS of $0.27 on revenue of $7.61B
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