LyondellBasell Industries N.V.LYB is among the leading plastics, chemical and refining companies globally.
LyondellBasell's adjusted earnings came in at $2.96 per share for the third quarter. It surpassed the Zacks Consensus Estimate of $2.73.
LyondellBasell recorded revenues of $10,155 million, up roughly 19.2% year over year. It also beat the Zacks Consensus Estimate of $9,564 million.
LyondellBasell Industries N.V. Price and EPS Surprise
Estimate Trend & Surprise History
Investors should note that the earnings estimate for LyondellBasell for the third quarter has seen an uptrend over the last 30 days. LyondellBasell has beaten the Zacks Consensus Estimate in three of the trailing four quarters while missing once, with an average positive surprise of 8.4%.
Key Stats/Developments to Note
LyondellBasell expects to drive operational and business improvements in Refining, Technology and Intermediates and Derivatives businesses in the fourth quarter. The company said that it is well-placed to capture value with expanded access to markets, incremental synergies from the integration of A. Schulman acquisition and the formation of the new Advanced Polymer Solutions segment.
LyondellBasell currently has a Zacks Rank #3 (Hold). Meanwhile, you can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
LyondellBasell's shares were inactive in pre-market trading . It would be interesting to see how the market reacts to the results during the trading session today.
Check back later for our full write up on LyondellBasell's earnings report!
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.