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Market Overview

Celanese: Q4 Earnings Insights

Share:

Shares of Celanese (NYSE:CE) were flat in after-market trading after the company reported Q4 results.

Quarterly Results

Earnings per share were up 5.03% year over year to $2.09, which beat the estimate of $1.71.

Revenue of $1,591,000,000 up by 11.10% year over year, which beat the estimate of $1,400,000,000.

Looking Ahead

Earnings guidance hasn't been issued by the company for now.

Celanese hasn't issued any revenue guidance for the time being.

Price Action

52-week high: $140.09

52-week low: $52.70

Price action over last quarter: Up 5.35%

Company Description

Celanese is one of the world's largest producers of chemicals in the acetyl chain, which are used in various end markets, including coatings and adhesives. The company also produces specialty polymers used in the automotive, medical, and consumer end markets as well as cellulose derivatives used in cigarette filters.

 

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Posted-In: BZI-RecapsEarnings