Celanese (CE) PT Raised to $138 at Goldman Sachs Following 1Q
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Celanese Corporation Reports First Quarter 2018 Earnings; Increases 2018 Outlook
April 16, 2018 4:24 PM EDTDALLAS--(BUSINESS WIRE)-- Celanese Corporation (NYSE: CE), a global technology and specialty materials company, today reported first quarter 2018 GAAP diluted earnings per share of $2.68, its second highest ever, and record adjusted earnings per share of $2.79. Net sales in the quarter expanded 26 percent year over year to $1.9 billion. Growth in both Engineered Materials and the Acetyl Chain contributed to a robust quarter. Engineered Materials expanded earnings through pipeline commercialization and successful integration of recent acquisitions. The Acetyl Chain's expansive network and ability to respond quickly to improved industry utilization rates enabled it to leverage regional momentum to grow... More
