LyondellBasell (NYSE:LYB) Stock Tumbles as Quarterly Profit Trails Analysts Forecasts – LYB, SHI, ARSD, BAK

LyondellBasell Industries NV (NYSE:LYB), based in Rotterdam and run from Houston, stock plunged to record low in around eleven weeks after fiscal Q4 earnings failed to meet analysts’ forecasts as the loss at the European plastics business broadened.

Shares of world’s biggest producer of polypropylene plunged 3.2% to settle at $61.37 in New York and marked the major decliner since Nov 15. Company’s stock has hiked 7.5% current year.

LyondellBasell reported in a statement on Friday that fiscal fourth quarter net income was $1.09 per share, evaluated against a net loss of 38 cents per share in previous year.

Profit without discontinued operations was $1.13 per share, missing the $1.14 median forecasts of 19 analysts gathered by Bloomberg.

Shifting reader’s focus to broader market, let us consider market performance of other stocks that significantly affect same sector. Sinopec Shanghai Petrochemical Co. (ADR) (NYSE:SHI) rose +3.89% to settle at $37.95, Arabian American Development Company (NYSE:ARSD) moved up +0.88% to end at $7.98 while Braskem SA (ADR) (NYSE:BAK) jumped +2.04% to finish at $15.51 on Friday.

LyondellBasell Industries NV (NYSE:LYB) last session’s volume of 8.41 million shares was higher than its average volume of 3.36 million shares. The stock after opening at $61.90 hit high price of $63.22 and then closed at $61.37 by scoring -3.23%.

LYB generated revenue of $45.24 billion in the previous twelve months and earned $2.24 billion. The Company showed a positive 4.95% in the net profit margin as well as in its operating margin which remained at 9.16%.

The LYB’s past twelve months’ price to sales ratio was 0.78 and price to cash ratio remained 10.01. As far as the returns are concerned, LYB’s return on equity was recorded as 17.00% and return on investment increased 10.36% while its return on asset stayed at 8.39%.

The stock showed weekly downbeat performance of -2.20% which was maintained for the month at 3.72%. Likewise the positive performance for the quarter was recorded as 22.81% and for the year was 55.96% while the YTD performance remained at 7.50%.

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