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Celanese Q3 Profit Rises - Quick Facts

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

Celanese Corporation (CE) reported third quarter net earnings attributable to common shareholders of $396 million or $2.53 per share, compared to $155 million or $0.97 per share last year.

Earnings per share from continuing operations were $2.53, compared to $1.01 in the prior year quarter.

Adjusted earnings per share were $0.58, lower than $0.78 in the same quarter last year.

On average, 9 analysts polled by Thomson Reuters expected the company to report earnings of $0.43 per share. Analysts' estimates typically exclude special items.

Net sales declined to $1.3 billion from $1.82 billion in the year ago quarter. Four analysts estimated revenues of $1.26 billion.

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