LyondellBasell: Q3 Earnings Snapshot

Audio By Carbonatix

HOUSTON (AP) — HOUSTON (AP) — LyondellBasell Industries (LYB) on Friday reported third-quarter net income of $573 million.

On a per-share basis, the Houston-based company said it had net income of $1.75. Earnings, adjusted for non-recurring costs, came to $1.88 per share.

The results did not meet Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $2.03 per share.

The oil refiner and chemical company posted revenue of $10.32 billion in the period, topping Street forecasts. Five analysts surveyed by Zacks expected $10.27 billion.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LYB at https://www.zacks.com/ap/LYB