RTTNews | Jan 28, 2022 06:40AM EST

06:40 Friday, January 28, 2022 (RTTNews.com) - LyondellBasell Industries N.V. (LYB) released a profit for fourth quarter that decreased from last year and missed the Street estimates.

The company's bottom line totaled $726 million, or $2.18 per share. This compares with $855 million, or $2.55 per share, in last year's fourth quarter.

Excluding items, LyondellBasell Industries N.V. reported adjusted earnings of $1.21 billion or $3.63 per share for the period.

Analysts on average had expected the company to earn $3.97 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 61.6% to $12.83 billion from $7.94 billion last year.

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

-Earnings (Q4): $726 Mln. vs. $855 Mln. last year.-EPS (Q4): $2.18 vs. $2.55 last year.-Analyst Estimates: $3.97-Revenue (Q4): $12.83 Bln vs. $7.94 Bln last year.

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