Celanese (CE) Continues To Rise On Improved Outlook

Celanese Corp. (NYSE: CE) continues to see upside momentum today, a day after the Company raised its FY07 outlook before the market opened yesterday. Celanese now expects EPS for FY07 to be in the range of $3.26 to $3.31, compared to prior guidance of $3.10 to $3.20. The Wall Street consensus is currently $3.21. Celanese also introduced FY08 non-GAAP EPS guidance of $3.35 to $3.65, versus the Street consensus of $3.63.

Shares of Celanese are up about 4% today, and have hit a new 52-week high of $43.51. This new level also marks a new all-time high for the Company's stock price. Celanese stock has risen nearly 7% this week on the revised guidance news.

Celanese Corporation engages in the production and sale of industrial chemicals primarily in North America, Europe, and Asia.

You May Also Be Interested In

• Deutsche sees a buying opportunity in this MedTech stock
• After-Hours Movers: WDAY, ADSK, S, RBRK, MRVL, ULTA, GAP, AFRM
• After-Hours Movers: NVDA, CRM, SNPS, CRWD, OKTA, NTNX