LyondellBasell Industries Q2 Adj. EPS $2.44 Beats $2.29 Estimate, Sales $10.31B Miss $10.40B Estimate
Portfolio Pulse from Benzinga Newsdesk
LyondellBasell Industries (NYSE:LYB) reported Q2 earnings of $2.44 per share, beating the analyst consensus estimate of $2.29 by 6.55%. However, the company's quarterly sales of $10.31 billion missed the analyst consensus estimate of $10.40 billion by 0.83%. This represents a 52.99% decrease in earnings and a 30.52% decrease in sales compared to the same period last year.
August 04, 2023 | 3:01 pm
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NEGATIVE IMPACT
LyondellBasell's Q2 earnings beat estimates but sales missed, indicating mixed financial performance. The significant YoY decreases in earnings and sales could negatively impact investor sentiment.
While LyondellBasell beat earnings estimates, the miss on sales and significant year-over-year decreases in both earnings and sales could negatively impact the stock. Investors may be concerned about the company's ability to generate revenue and maintain profitability.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100