06.11.2023 23:46:51 - dpa-AFX: Celanese Corp. Q3 Profit Increases, beats estimates
WASHINGTON (dpa-AFX) - Celanese Corp. (CE) revealed a profit for its third
quarter that increased from the same period last year and beat the Street
estimates.
The company's bottom line came in at $951 million, or $8.69 per share. This
compares with $191 million, or $1.75 per share, in last year's third quarter.
Excluding items, Celanese Corp. reported adjusted earnings of $2.50 per share
for the period.
Analysts on average had expected the company to earn $2.23 per share, according
to figures compiled by Thomson Reuters. Analysts' estimates typically exclude
special items.
The company's revenue for the quarter rose 18.3% to $2.72 billion from $2.30
billion last year.
Celanese Corp. earnings at a glance (GAAP) :
-Earnings (Q3): $951 Mln. vs. $191 Mln. last year.
-EPS (Q3): $8.69 vs. $1.75 last year.
-Analyst Estimate: $2.23
-Revenue (Q3): $2.72 Bln vs. $2.30 Bln last year.
-Guidance:
Next quarter EPS guidance: $2.10 to $2.50
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