LyondellBasell Industries N.V. Q2 Profit Increases, Beats Estimates

(RTTNews) - LyondellBasell Industries N.V. (LYB) announced a profit for its second quarter that increased from the same period last year and beat the Street estimates.

The company's bottom line came in at $924 million, or $2.82 per share. This compares with $715 million, or $2.18 per share, in last year's second quarter.

Excluding items, LyondellBasell Industries N.V. reported adjusted earnings of $734 million or $2.24 per share for the period.

Analysts on average had expected the company to earn $2.23 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 2.4% to $10.558 billion from $10.306 billion last year.

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

-Earnings (Q2): $924 Mln. vs. $715 Mln. last year. -EPS (Q2): $2.82 vs. $2.18 last year. -Revenue (Q2): $10.558 Bln vs. $10.306 Bln last year.