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Celanese Q1 Profit Down

Celanese Corp. (CE), Monday reported first-quarter net earning of $337 million or $2.63 per share, down from $363 million or $2.66 per share last year.

Adjusted earnings for the quarter were $2.62 per share, down from $2.79 per share last year.

Sales for the quarter were $1.69 billion from $1.85 billion last year.

Analyst polled by Thomson Reuters estimate earnings of $2.41 per share and revenues of 1.77 billion for the quarter.

"Challenging global business conditions persisted into the new year, and our strong first quarter performance solidly underscores the capability of our businesses to deliver in any environment," said Mark Rohr, chairman and chief executive officer.

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