Investing.com - LyondellBasell Industries (NYSE:LYB) reported fourth quarter earnings that missed analysts' expectations on Friday and revenue that fell short of forecasts.
The firm reported earnings per share of $1.79 on revenue of $8.88B. Analysts polled by Investing.com forecast EPS of $2.26 on revenue of $9.77B. That compared to EPS of $2.73 on revenue of $9.14B in the same period a year earlier. The company had reported EPS of $2.96 on revenue of $10.16B in the previous quarter.
For the year, LyondellBasell Industries shares are up 4.58%, under-performing the S&P 500 which is up 9.58% year to date.
LyondellBasell Industries follows other major Basic Materials sector earnings this month
On Thursday, DuPont reported fourth quarter EPS of $0.88 on revenue of $20.1B, compared to forecasts of EPS of $0.87 on revenue of $20.95B.
Sherwin-Williams earnings missed analyst's expectations on Thursday, with fourth quarter EPS of $3.54 on revenue of $4.06B. Investing.com analysts expected EPS of $3.65 on revenue of $4.08B
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