LyondellBasell's (LYB) Earnings & Sales Lag Estimates In Q4
Zacks Investment Research | Jan 30, 2020 10:23PM ET
LyondellBasell Industries N.V. (NYSE:LYB) posted profits of $612 million or $1.83 per share in fourth-quarter 2019 compared with $692 million or $1.79 in the year-ago quarter.
Barring one-time items, adjusted earnings came in at $1.91 per share that missed the Zacks Consensus Estimate of $2.26.
Revenues fell 7.9% year over year to $8,179 million in the reported quarter. The figure also trailed the consensus mark of $8,427.1 million.
Consolidated EBITDA fell 3.3% year over year to $1,172 million.
In the fourth quarter, results in most of the segments were affected by a slowdown in industrial demand as well as normal seasonality.
2019 Highlights
In 2019, total revenues fell 11% year over year to $34,727 million. Net earnings came in at $3,397 million or $9.58 per share for the year, down from $4,690 million or $12.01 in 2018.
LyondellBasell Industries N.V. Price, Consensus and EPS Surprise
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