LyondellBasell gains on second-quarter profit beat
BUZZ-LyondellBasell gains on second-quarter profit beat Updates
** Shares of chemical maker LyondellBasell LYB.N up ~2% at $61.60
** Posts Q2 adjusted profit of $4.30 per share, compared with analysts' average estimate of $3.41 per share - LSEG-compiled data
** Quarterly sales rose 20% to $9.18 billion from a year ago, narrowly exceeding estimates of $9.15 billion
** Core profit from its Olefins & Polyolefins-Americas unit was $1.18 billion vs $313 million a year ago
** Its Intermediates & Derivatives unit reported a core profit of $377 million, up from $286 million in the same period last year
** Including session's move, stock up 42.7% YTD
(Reporting by Pranav Mathur in Bengaluru)
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