LyondellBasell Industries (LYB) Misses Q4 EPS by 21c

LyondellBasell Industries (NYSE: LYB) reported Q4 EPS of $1.94, $0.21 worse than the analyst estimate of $2.15. Revenue for the quarter came in at $7.75 billion versus the consensus estimate of $7.32 billion.

OUTLOOK

"During the past several months, the industry outlook for 2017 has steadily improved. Healthy U.S. and global economic activity and ethylene project delays have led to an improved forecast for industry supply and demand dynamics. Global supply positions have provided optimism regarding crude oil prices and NGL supply. While we will continue to watch these developments, the significant investments in our 2016 maintenance programs favorably position the company for 2017," Patel said.

For earnings history and earnings-related data on LyondellBasell Industries (LYB) click here.

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