Plus   Neg

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.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Whole Foods Market stores have recalled Decorated Red Apple Cookies as they may contain undeclared egg. People who have an allergy or severe sensitivity to these allergens run the risk of serious or life-threatening allergic reaction if they consume these products. The cookies were sold by the... Norwex has announced voluntary recall of about 58,000 rubber brooms due to laceration hazard. According to the company, handles of the recalled brooms can break in half, exposing a metal inner rim, posing a laceration hazard to the user. The recall involves extendable indoor/outdoor white rubber... Amazon.com Inc. has expanded its AmazonFresh grocery delivery service to three new cities. Beginning today, Amazon Prime members in Houston, Minneapolis and Phoenix can shop thousands of products, ranging from meat and seafood to fresh produce and everyday essentials. The groceries will be delivered to their homes in two hours or less, with options for one-hour and two-hour delivery.
Follow RTT