LyondellBasell Industries Q3 2024 Adj. EPS $1.88 Misses $1.98 Estimate, Sales $10.322B Miss $10.601B Estimate
Portfolio Pulse from Benzinga Newsdesk
LyondellBasell Industries reported Q3 2024 earnings per share of $1.88, missing the analyst estimate of $1.98. Sales were $10.322 billion, below the expected $10.601 billion, and down 2.85% from the previous year.
November 01, 2024 | 10:30 am
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NEGATIVE IMPACT
LyondellBasell Industries' Q3 2024 earnings and sales both missed analyst estimates, with EPS at $1.88 and sales at $10.322 billion. This reflects a decrease in sales compared to the same period last year.
The earnings and sales miss against analyst expectations is likely to negatively impact LYB's stock price in the short term. The decrease in sales compared to the previous year further adds to the negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100