Chemical Week Magazine :: Top of the Week
Diversified firms post gains, are cautious on fourth quarter
7:12 AM MST | November 8, 2013 | —CW staff
Third-quarter results at US basic and diversified firms continued to benefit from access to cost-advantaged feedstocks and stabilizing global economic growth. Certain segments remained challenged, however. Refining results dragged LyondellBasell Industries’ earnings below analysts’ estimates, while pigments results erased gains at Huntsman and Tronox. LyondellBasell reports third-quarter net income of $851 million, up 1% year-on-year (YOY). Sales totaled $11.2 billion, down 1% YOY. Earnings of $1.51/share fell short of the analyst consensus of...
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