Celanese Corp. (CE) Tops Q2 EPS by 25c

Celanese Corp. (NYSE: CE) reported Q2 EPS of $1.30, $0.25 better than the analyst estimate of $1.05. Revenue for the quarter came in at $1.2 billion versus the consensus estimate of $1.08 billion.

"The focus and dedication of our employees, despite the challenges of COVID-19, enabled the Company to surpass our guidance for the quarter. The decisive actions taken by our global team to fully maximize the core strengths of the Company has helped to offset the severe demand deterioration, particularly in the Western Hemisphere. Even in these difficult times, the resolve and commitment of our employees is a testament to the Celanese spirit of action and collaboration. We continue to be purposeful in the steps we are taking today to prepare us for recovery and growth in the future," said Lori Ryerkerk, chairman and chief executive officer.

For earnings history and earnings-related data on Celanese Corp. (CE) click here.

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