LyondellBasell Industries Q3 Adj. EPS $2.46 Beats $2.02 Estimate, Sales $10.63B Beat $10.10B Estimate
Portfolio Pulse from Benzinga Newsdesk
LyondellBasell Industries reported Q3 adjusted earnings of $2.46 per share, beating the analyst consensus estimate of $2.02 by 21.78%. This is a 25.51% increase over earnings of $1.96 per share from the same period last year. The company also reported quarterly sales of $10.63 billion, beating the analyst consensus estimate of $10.10 billion by 5.20%. However, this is a 13.27% decrease over sales of $12.25 billion the same period last year.
October 27, 2023 | 10:32 am
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POSITIVE IMPACT
LyondellBasell's Q3 earnings and sales beat estimates, with earnings per share up 25.51% YoY, but sales down 13.27% YoY.
LyondellBasell's Q3 earnings beat estimates, which is a positive signal for investors and could lead to a short-term increase in stock price. However, the decrease in sales compared to the same period last year might temper this positive impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100