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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Copyright RTT News/dpa-AFX
Name WKN Börse Kurs Datum/Zeit Diff. Diff. % Geld Brief Erster Schluss
CELANESE CORP. DL-,0001 A0DP2A Frankfurt 140,400 31.05.24 10:46:24 +4,800 +3,54% 0,000 0,000 139,100 140,400

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