Tuesday, Celanese Corp. (CE) reported fourth net earnings attributable to Celanese Corp. of $5 million or $0.02 per share, compared to a loss of $155 million or $1.09 per share in the same quarter last year.
On an adjusted basis, net income was $0.50 per share, compared to a loss of $0.40 per share in the prior year quarter.
On average, nine analysts polled by Thomson Reuters expected the company to earn $0.47 per share for the quarter. Analysts' estimates typically exclude special items.
Net sales for the quarter increased to $1.39 billion from $1.29 billion in the comparable quarter last year. Analysts expected the company to report revenue of $1.25 billion for the quarter.
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