LyondellBasell Industries Q4 Adj. EPS $1.26 Misses $1.31 Estimate, Sales $9.93B Beat $9.84B Estimate
Portfolio Pulse from Benzinga Newsdesk
LyondellBasell Industries (NYSE:LYB) reported Q4 adjusted EPS of $1.26, missing the $1.31 estimate, and sales of $9.93B, beating the $9.84B estimate. This represents a decrease in earnings and sales compared to the same period last year.
February 02, 2024 | 11:31 am
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LyondellBasell reported a Q4 adjusted EPS of $1.26, missing estimates, and sales of $9.93B, exceeding expectations, with a year-over-year decline in both metrics.
The miss in EPS expectations and the year-over-year decline in both earnings and sales are likely to negatively impact investor sentiment towards LYB in the short term, potentially leading to a decrease in stock price.
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