LyondellBasell Industries Q1 2024 Adj EPS $1.53 Beats $1.37 Estimate, Sales $9.925B Beat $9.730B Estimate
Portfolio Pulse from Benzinga Newsdesk
LyondellBasell Industries (NYSE:LYB) reported Q1 2024 adjusted EPS of $1.53, surpassing the $1.37 estimate, with sales of $9.925B also beating the $9.730B estimate. However, this represents a 38.8% decrease in earnings and a 3.14% decrease in sales from the same period last year.

April 26, 2024 | 10:33 am
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LyondellBasell Industries reported higher-than-expected Q1 2024 earnings and sales, with adjusted EPS at $1.53 and sales at $9.925B, beating estimates.
The positive earnings and sales beat indicate a strong performance for the quarter, which is likely to be viewed favorably by investors. Despite the year-over-year declines, beating analyst expectations can lead to positive short-term stock price movement. The significant beat in both earnings and sales, despite the overall decrease from the previous year, suggests operational efficiency and potential for recovery, which could positively influence investor sentiment and stock price in the short term.
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