Celanese Q2 Adj $2.38 Misses $2.71 Estimate, Sales $2.65B Miss $2.75B Estimate
Portfolio Pulse from Benzinga Newsdesk
Celanese (NYSE:CE) reported Q2 earnings of $2.38 per share, missing the analyst estimate of $2.71. Sales were $2.65 billion, also below the $2.75 billion estimate. Despite the misses, earnings increased by 9.68% year-over-year.
August 01, 2024 | 8:15 pm
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Celanese reported Q2 earnings of $2.38 per share, missing the analyst estimate of $2.71. Sales were $2.65 billion, also below the $2.75 billion estimate. Despite the misses, earnings increased by 9.68% year-over-year.
Celanese's Q2 earnings and sales both missed analyst estimates, which is likely to negatively impact the stock price in the short term. However, the year-over-year increase in earnings may provide some support.
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IMPORTANCE 80
RELEVANCE 100