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LyondellBasell Q3 profit climbs YOY

LyondellBasell Industries NV said its third-quarter normalized net income amounted to $2.11 per share, compared with the S&P Capital IQ consensus estimate of $2.47 per share.

EPS climbed 9.1% year over year from $1.93.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $832.3 million, a gain from $799.6 million in the prior-year period.

The normalized profit margin fell to 9.8% from 10.9% in the year-earlier period.

Total revenue climbed 15.6% year over year to $8.52 billion from $7.37 billion, and total operating expenses rose 17.5% year over year to $7.18 billion from $6.12 billion.

Reported net income increased 10.3% year over year to $1.05 billion, or $2.67 per share, from $956.3 million, or $2.31 per share.