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Actionable news in LYB: LYONDELLBASELL INDUSTRIES N.V. CLASS A,

LyondellBasell (LYB) Tops Q2 Earnings Estimates, Sales Trail

LyondellBasell’s LYB profits, as reported, rose around 3.6% year over year to $1,130 million or $2.81 per share in the second quarter of 2017. The company noted that the second-quarter results reflect the value of its investments in capacity expansions and asset maintenance.

Barring one-time items, earnings came in at $2.82 per share for the quarter, beating the Zacks Consensus Estimate of $2.71.

Revenues rose roughly 14.7% year over year to $8,403 million in the quarter, but missed the Zacks Consensus Estimate of $8,670.5 million.

Consolidated earnings before interest, taxes, depreciation and amortization (EBITDA) rose around 10.5% year over year to $1,970 million in the quarter.

LyondellBasell Industries NV Price, Consensus and EPS Surprise

LyondellBasell Industries NV Price, Consensus and EPS Surprise | LyondellBasell Industries NV Quote

Segment Review

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