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LyondellBasell Q4 profit tops estimates
Updated: 2016-02-25 09:28 Source: Market Report Company share:

LyondellBasell, one of the world's largest plastics, chemical and refining companies, has reported earnings from continuing operations for the fourth quarter of USD797 million, or USD1.78 per share, as per the company's report.

Excluding the LCM adjustment, earnings from continuing operations during the fourth quarter totaled USD982 million, or USD2.20 per share. For the fourth-quarter of prior year, income from continuing operations was USD796 million or USD1.57 per share.

On average, 20 analysts polled by Thomson Reuters expected the company to report profit per share of USD2.14 for the quarter. Analysts' estimates typically exclude special items.

Sales and other operating revenues decreased year-over-year to USD7.07 billion from USD10.29 billion, last year. Analysts expected revenue of USD7.60 billion for the quarter.

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