LyondellBasell Q3 Results Miss Estimates, Signals Softer Demand And Rising Costs For Q4
Portfolio Pulse from Akanksha Bakshi
LyondellBasell Industries (NYSE:LYB) reported Q3 results that missed estimates, with revenues and adjusted EPS below consensus. The company anticipates softer demand and rising costs in Q4, impacting margins. Despite challenges, LYB is investing in sustainability with the MoReTec-1 facility in Germany.
November 01, 2024 | 1:28 pm
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LyondellBasell's Q3 results missed expectations, with revenues and EPS below consensus. The company expects softer demand and higher costs in Q4, impacting margins. Despite this, LYB is investing in sustainability with the MoReTec-1 facility.
LYB's Q3 results were below expectations, leading to a negative market reaction. The outlook for Q4 indicates softer demand and rising costs, which could further pressure margins. However, the company's investment in sustainability projects like MoReTec-1 may provide long-term benefits.
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