HOUSTON (AP) — HOUSTON (AP) — LyondellBasell Industries (LYB) on Friday reported third-quarter net income of $573 million.
On a per-share basis, the Houston-based company said it had net income of $1.75. Earnings, adjusted for non-recurring costs, came to $1.88 per share.
The results did not meet Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $2.03 per share.
The oil refiner and chemical company posted revenue of $10.32 billion in the period, topping Street forecasts. Five analysts surveyed by Zacks expected $10.27 billion.
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