LyondellBasell Industries N.V. Q1 Profit Climbs, Beats estimates

(RTTNews) - LyondellBasell Industries N.V. (LYB) released earnings for its first quarter that increased from the same period last year and beat the Street estimates.

The company's earnings totaled $1.32 billion, or $4.00 per share. This compares with $1.07 billion, or $3.18 per share, in last year's first quarter.

Analysts on average had expected the company to earn $3.52 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 44.9% to $13.16 billion from $9.08 billion last year.

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

-Earnings (Q1): $1.32 Bln. vs. $1.07 Bln. last year. -EPS (Q1): $4.00 vs. $3.18 last year. -Analyst Estimate: $3.52 -Revenue (Q1): $13.16 Bln vs. $9.08 Bln last year.