LyondellBasell Reports Second Quarter 2019 Earnings
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LyondellBasell Industries (LYB) Misses Q2 EPS by 13c, Revenues Miss
August 2, 2019 6:35 AM EDTLyondellBasell Industries (NYSE: LYB) reported Q2 EPS of $2.70, $0.13 worse than the analyst estimate of $2.83. Revenue for the quarter came in at $9.05 billion versus the consensus estimate of $9.63 billion.
"LyondellBasell's leading business portfolio, strong operations and advantaged assets delivered value in the second quarter by serving global consumer-driven demand for our products. Increased seasonal demand and reduced feedstock costs improved ethylene chain margins for both of our Olefins & Polyolefins segments. In our Intermediates & Derivatives segment, robust seasonal... More
