NEW YORK (TheStreet) -- LyondellBasell Industries (LYB) reported weaker-than-anticipated earnings and revenue for the 2016 third quarter on Tuesday.

Before today's opening bell, the chemical company posted earnings from continuing operations of $2.31 per diluted share on revenue of $7.37 billion.

Analysts surveyed by FactSet were projecting earnings of $2.32 per share on revenue of $7.39 billion.

For 2016, the company said it is on pace for earnings per share above $9. Analysts are forecasting full-year earnings of $9.53 per share, according to FactSet.

"During the quarter and throughout the year, the strong contribution from our European olefins and polyolefins business has demonstrated the geographic balance within our portfolio," CEO Bob Patel said in a statement.

"Within our refining business, operating disruptions impacted third quarter results," he added.

Shares of LyondellBasell closed down on Monday.

Separately, TheStreet Ratings Team has a "Buy" rating with a score of A- on the stock.

This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks rated. Among the primary strengths of the company is its respectable return on equity which is likely to continue.

Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

You can view the full analysis from the report here: LYB

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