UBS Remains Sidelined on Celanese Corp. (CE) Following 1Q Earnings
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April 18, 2016 6:12 PM EDT
Today's After-Hours Stock Movers:
Applied Optoelectronics, Inc. (NASDAQ: AAOI) 20.9% LOWER; Total revenue in the first quarter 2016 is expected to be between $50.0 million and $50.5 million, within the company's guidance range of $50 million to $54 million. The company expects to report a GAAP net loss in the first quarter 2016 between $1.5 million and $1.8 million, or $0.09 and $0.11 per basic share. On a non-GAAP basis, the company expects a net loss between $0.7 million and $1.0 million, or $0.04 and $0.06 per basic share, using approximately 16.9 million shares. This is below the previous non-GAAP net income guidance range of... More
April 18, 2016 5:01 PM EDT
Celanese Corp. (NYSE: CE) reported Q1 EPS of $1.83, $0.34 better than the analyst estimate of $1.49. Revenue for the quarter came in at $1.4 billion versus the consensus estimate of $1.39 billion.
The company said:
"We continue to demonstrate the strength of our business... More
