LyondellBasell Industries (NYSE:LYB) Releases Earnings Results

Market Beat
2024.11.02 17:06
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LyondellBasell Industries (NYSE:LYB) reported quarterly earnings of $0.88 per share, missing analysts' expectations of $1.03. The company generated $2.33 billion in revenue, below the anticipated $2.60 billion, marking a 2.8% decline from the previous year. LyondellBasell's net margin was 5.68% with a return on equity of 18.63%. The firm also declared a quarterly dividend of $0.34 per share, yielding 6.19%. Analysts have mixed ratings on the stock, with a consensus rating of "Hold" and a target price of $33.