Celanese Q2 EPS $2.17 Misses $2.46 Estimate, Sales $2.79B Miss $2.84B Estimate
Portfolio Pulse from Benzinga Newsdesk
Celanese (NYSE:CE) reported Q2 earnings of $2.17 per share, missing the analyst consensus estimate of $2.46 by 11.79%. This is a 56.51% decrease from the same period last year. The company also reported quarterly sales of $2.79 billion, missing the analyst consensus estimate of $2.84 billion by 1.52%. However, this is a 12.43% increase from the same period last year.
August 07, 2023 | 8:19 pm
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NEGATIVE IMPACT
Celanese's Q2 earnings and sales missed estimates, with a significant YoY decrease in earnings. This could negatively impact investor sentiment.
Celanese's earnings miss and significant YoY decrease could negatively impact the stock as it indicates a weaker financial performance than expected. However, the increase in sales YoY might mitigate some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100