Celanese Corp. (CE) Tops Q1 EPS by 9c

Celanese Corp. (NYSE: CE) reported Q1 Adj. EPS of $1.81, $0.09 better than the analyst estimate of $1.72. Revenue for the quarter came in at $1.47 billion versus the consensus estimate of $1.44 billion.

"The first quarter of 2017 was another strong quarter for Celanese. Our differentiated commercial approach and operating discipline in both businesses has allowed us to create value for customers and shareholders. Our Advanced Engineered Materials opportunity pipeline, enhanced by SO.F.TER. and Nilit integrations, will continue to drive growth in 2017 and offset the decline in tow earnings. The Acetyl Chain is well-positioned to benefit from a volatile raw materials environment and the current industry operating backdrop to improve profits as the year progresses. While we anticipate challenges in 2017, we have plans in place to offset these headwinds and deliver growth in adjusted earnings per share of 8-11 percent." said Rohr.

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

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