LyondellBasell Industries NV (LYB) Releases Earnings Results, Beats Expectations By $0.20 EPS

LyondellBasell Industries NV (LYB) reported quarterly earnings results on Friday, Apr-22-2016. The company said it had a profit of $2.48 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.20. Analysts had a consensus of $2.28. The company posted revenue of $6743.00 million in the period, compared to analysts expectations of $7078.18 million. The company’s revenue was down -17.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.54 EPS.

Many Wall Street Analysts have commented on LyondellBasell Industries NV. LyondellBasell Industries NV was Downgraded by Atlantic Equities to ” Underweight” on Apr 5, 2016. Shares were Downgraded by RBC Capital Mkts on Feb 3, 2016 to ” Outperform” and Lowered the Price Target to $ 95 from a previous price target of $105 .

LyondellBasell Industries NV opened for trading at $90.89 and hit $93.75 on the upside on Wednesday, eventually ending the session at $90.69, with a gain of 0.28% or 0.25 points. The heightened volatility saw the trading volume jump to 46,73,306 shares. Company has a market cap of $39,196 M.

In a different news, on Nov 20, 2015, Jacquelyn H Wolf (SVP, Human Resources) sold 3,394 shares at $94.52 per share price. According to the SEC, on Oct 29, 2015, Massimo Covezzi (SVP Research & Development) sold 3,000 shares at $90.91 per share price. On Oct 14, 2015, Sergey Vasnetsov (SVP Strategic Planning) sold 36,553 shares at $97.67 per share price, according to the Form-4 filing with the securities and exchange commission.

LyondellBasell Industries N.V. (LyondellBasell) is a global independent chemical company. The Company operates through five segments: Olefins and Polyolefins-Americas (OandP-Americas) Olefins and Polyolefins-Europe Asia International (OandP-EAI) Intermediates and Derivatives (IandD) Refining and Technology. Its OandP-Americas segment produces and markets olefins including ethylene and ethylene co-products and polyolefin. Its OandP-EAI segment produces and markets olefins including ethylene and ethylene co-products polyolefin and specialty products including polybutene-1 and polypropylene compounds. Its IandD segment produces and markets propylene oxide and its co-products and derivatives acetyls including methanol and ethylene oxide. Its Refining segment refines heavy high-sulfur crude oil. Its Technology segment develops and licenses chemical and polyolefin process technologies and manufactures and sells polyolefin catalysts.

LyondellBasell Industries NV

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