08.05.2024 22:25:37 - dpa-AFX: Celanese Corp. Q1 Profit Increases, beats estimates

WASHINGTON (dpa-AFX) - Celanese Corp. (CE) revealed a profit for its first
quarter that increased from last year and beat the Street estimates.

The company's bottom line came in at $124 million, or $1.10 per share. This
compares with $93 million, or $0.83 per share, in last year's first quarter.

Excluding items, Celanese Corp. reported adjusted earnings of $2.08 per share
for the period.

Analysts on average had expected the company to earn $1.91 per share, according
to figures compiled by Thomson Reuters. Analysts' estimates typically exclude
special items.

The company's revenue for the quarter fell 8.4% to $2.61 billion from $2.85
billion last year.

Celanese Corp. earnings at a glance (GAAP) :

-Earnings (Q1): $124 Mln. vs. $93 Mln. last year.
-EPS (Q1): $1.10 vs. $0.83 last year.
-Revenue (Q1): $2.61 Bln vs. $2.85 Bln last year.


Copyright(c) 2024 RTTNews.com. All Rights Reserved

Copyright RTT News/dpa-AFX
Name WKN Börse Kurs Datum/Zeit Diff. Diff. % Geld Brief Erster Schluss
CELANESE CORP. DL-,0001 A0DP2A Frankfurt 134,650 07.06.24 08:01:18 +0,300 +0,22% 0,000 0,000 134,650 134,650

© 2000-2024 DZ BANK AG. Bitte beachten Sie die Nutzungsbedingungen | Impressum
2024 Infront Financial Technology GmbH