Celanese: Q3 Earnings Snapshot

IRVING, Texas (AP) — IRVING, Texas (AP) — Celanese Corporation (CE) on Monday reported third-quarter earnings of $951 million.

The Irving, Texas-based company said it had net income of $8.69 per share. Earnings, adjusted for non-recurring gains, were $2.50 per share.

The results surpassed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $2.20 per share.

The chemical company posted revenue of $2.72 billion in the period, which missed Street forecasts. Seven analysts surveyed by Zacks expected $2.76 billion.

For the current quarter ending in December, Celanese expects its per-share earnings to range from $2.10 to $2.50.

The company expects full-year earnings in the range of $9 to $10 per share.

Celanese shares have climbed 17% since the beginning of the year. In the final minutes of trading on Monday, shares hit $120.03, a rise of 31% 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