IRVING, Texas (AP) _ Celanese Corporation (CE) on Thursday reported fourth-quarter profit of $43 million.
On a per-share basis, the Irving, Texas-based company said it had net income of 36 cents. Earnings, adjusted for one-time gains and costs, were $1.99 per share.
The results fell short of Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $2.09 per share.
The chemical company posted revenue of $1.43 billion in the period, also falling short of Street forecasts. Five analysts surveyed by Zacks expected $1.5 billion.
For the year, the company reported profit of $852 million, or $6.84 per share. Revenue was reported as $6.3 billion.
Celanese expects full-year earnings to be $11 per share.
Celanese shares have decreased 10% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $110.26, a rise of 13% in the last 12 months.