Celanese Corp. (CE) Tops Q3 EPS by 18c, Raises FY11 EPS Guidance
Celanese Corp. (NYSE: CE) reported Q3 EPS of $1.27, $0.18 better than the analyst estimate of $1.09. Revenue for the quarter came in at $1.81 billion versus the consensus estimate of $1.72 billion.
Celanese Corp. sees FY2011 EPS of $4.67, versus prior guidance of $4.57 and the consensus of $4.58. Operating EBITDA is now expected to be approximately $280 million higher than 2010's results of $1,122 million. These expectations are based on a tax rate of 17 percent and diluted share count of 159 million shares.
Celanese Corp. sees FY2011 EPS of $4.67, versus prior guidance of $4.57 and the consensus of $4.58. Operating EBITDA is now expected to be approximately $280 million higher than 2010's results of $1,122 million. These expectations are based on a tax rate of 17 percent and diluted share count of 159 million shares.