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 $1.96 on revenue of $12.25. Analysts polled by Investing.com forecast EPS of $3.12 on revenue of $12.75B. .
For the year, LyondellBasell Industries shares are down 10.54%, outperforming the S&P 500 which is down 20.12% year to date.
LyondellBasell Industries follows other major Materials sector earnings this month
On Tuesday, Sherwin-Williams reported third quarter EPS of $2.83 on revenue of $6.05B, compared to forecasts of EPS of $2.59 on revenue of $5.81B.
Freeport-McMoran earnings missed analyst's expectations on October 20, with third quarter EPS of $0.26 on revenue of $5B. Investing.com analysts expected EPS of $0.3167 on revenue of $5.37B
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