Houston, Texas-based LyondellBasell Industries N.V. (LYB) is one of the leading plastics, chemical, and refining companies globally. Its products are used in electronics, automotive parts, packaging, construction materials, and biofuels. With a market cap of $14.5 billion, LyondellBasell’s operations span North America, Europe, Indo-Pacific, and internationally.
The chemicals industry giant is gearing up to announce its third-quarter results before the markets open on Friday, Oct. 31. Ahead of the event, analysts expect LYB to deliver a non-GAAP profit of $0.80 per share, down a staggering 57.5% from $1.88 per share reported in the year-ago quarter. While the company has met the Street’s bottom-line estimates once over the past four quarters, it has missed the projections on three other occasions.
