LyondellBasell Industries N.V. Q4 Profit Decreases, but beats estimates

LyondellBasell Industries N.V. (LYB) released earnings for fourth quarter that decreased from the same period last year but beat the Street estimates.

The company's earnings came in at $353 million, or $1.07 per share. This compares with $726 million, or $2.18 per share, in last year's fourth quarter.

Excluding items, LyondellBasell Industries N.V. reported adjusted earnings of $427 million or $1.29 per share for the period.

Analysts on average had expected the company to earn $1.22 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 20.5% to $10.206 billion from $12.830 billion last year.

LyondellBasell Industries N.V. earnings at a glance (GAAP) :

-Earnings (Q4): $353 Mln. vs. $726 Mln. last year.
-EPS (Q4): $1.07 vs. $2.18 last year.
-Analyst Estimates: $1.22
-Revenue (Q4): $10.206 Bln vs. $12.830 Bln last year.

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