Celanese: Q1 Earnings Snapshot
By AP News
Published - May 09, 2023, 04:57 PM ET
Last Updated - Jun 21, 2023, 09:23 PM EDT
IRVING, Texas (AP) — IRVING, Texas (AP) — Celanese Corporation (CE) on Tuesday reported first-quarter earnings of $91 million.
The Irving, Texas-based company said it had net income of 83 cents per share. Earnings, adjusted for one-time gains and costs, were $2.01 per share.
The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.66 per share.
The chemical company posted revenue of $2.85 billion in the period, which also beat Street forecasts. Six analysts surveyed by Zacks expected $2.72 billion.
