Celanese Q4 2023 Adj EPS $2.24 Misses $2.31 Estimate, Sales $2.57B Miss $2.59B Estimate
Portfolio Pulse from Benzinga Newsdesk
Celanese (NYSE:CE) reported Q4 2023 adjusted EPS of $2.24, missing the $2.31 estimate, and sales of $2.57B, below the $2.59B estimate. This represents a 9.41% increase in sales compared to the same period last year.
February 20, 2024 | 9:16 pm
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Celanese reported Q4 2023 adjusted EPS of $2.24, missing estimates, and sales of $2.57B, also below expectations. Sales increased 9.41% year-over-year.
Missing both EPS and sales estimates typically leads to negative investor sentiment in the short term, potentially causing a decrease in stock price. However, the year-over-year sales growth might offset some negative impact.
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