LyondellBasell Industries (LYB) Tops Q3 EPS by 19c, Beats on Revenues

LyondellBasell Industries (NYSE: LYB) reported Q3 EPS of $2.67, $0.19 better than the analyst estimate of $2.48. Revenue for the quarter came in at $8.52 billion versus the consensus estimate of $8.13 billion.

OUTLOOK

"Hurricane Harvey reduced inventories across the petrochemical industry and contributed to further delays in the startup of new U.S. ethylene and derivative capacity. As the industry works to rebuild inventories during the fourth quarter, we expect global markets will remain tight to balanced for the remainder of 2017 and the industry will be better positioned to absorb capacity additions during 2018," Patel said.

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

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