Celanese: 1Q Earnings Snapshot

IRVING, Texas (AP) _ Celanese Corporation (CE) on Monday reported first-quarter profit of $337 million.

The Irving, Texas-based company said it had net income of $2.63 per share. Earnings, adjusted for non-recurring gains, came to $2.62 per share.

The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $2.49 per share.

The chemical company posted revenue of $1.69 billion in the period, missing Street forecasts. Four analysts surveyed by Zacks expected $1.77 billion.

Celanese expects full-year earnings to be $10.50 per share.

Celanese shares have climbed 16 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $104.53, a decline of 6 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CE at https://www.zacks.com/ap/CE