Celanese Q3 Adj. EPS $2.50 Beats $2.23 Estimate, Sales $2.757B Miss $2.77B Estimate
Portfolio Pulse from Benzinga Newsdesk
Celanese (NYSE:CE) reported Q3 earnings of $2.50 per share, beating the analyst consensus estimate of $2.23 by 12.11%. However, this is a 36.55% decrease from the same period last year. The company's quarterly sales of $2.72 billion missed the analyst consensus estimate of $2.77 billion by 1.70%, but it's an 18.34% increase from the same period last year.
November 06, 2023 | 10:28 pm
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Celanese's Q3 earnings beat estimates but are down YoY. Sales missed estimates but are up YoY.
Celanese's mixed Q3 results, with earnings beating estimates but down YoY, and sales missing estimates but up YoY, may lead to neutral short-term price movement. Investors may weigh the positive of beating earnings estimates against the negatives of YoY decreases and missed sales estimates.
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