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LyondellBasell (LYB) Stock Falls on Q2 Earnings, Revenue Miss

NEW YORK (TheStreet) -- Shares of LyondellBasell Industries (LYB) are falling 4.56% to $75.42 in afternoon trading on Friday after reporting weaker-than-expected earnings and revenue for the 2016 second quarter.

Before the market open, the Houston-based chemicals company reported adjusted earnings of $2.45 per share, missing analysts' estimates of $2.51 per share.

Revenue fell to $7.33 billion from $9.15 billion a year ago and fell short of analysts' estimates of $7.61 billion.

The company hiked its second-quarter interim dividend by 9% to 85 cents per share and...


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