Celanese Corporation (CE), also known as Hoechst Celanese, is a Fortune 500 global technology and specialty materials company with its headquarters in Irving, Texas, United States. The company is a leading producer of acetyl products, which are intermediate chemicals for nearly all major industries, and is the world's largest producer of vinyl acetate monomer (VAM). Celanese's operations are primarily located in North America, Europe, and Asia. Its largest plant is in the Clear Lake area of Pasadena, Texas, USA the home to the world’s largest acetic acid plant. In 2012, Celanese reported net sales of $6.42 billion.
Celanese (CE) Tops Q1 Earnings and Sales, Raises Outlook Celanese Corporation (CE), a chemical and advanced materials producer, continued with its positive earnings surprise streak with a beat in first-quarter 2016. The company reported first-quarter adjusted earnings of $1.83 per share. The figure increased 6% from the prior-year quarter and 46% from the previous quarter. Earnings also beat the Zacks Consensus Estimate of $1.52. Celanese reported quarterly sales of $1,404 million, beating the Zacks Consensus Estimate of $1,384 million. The top line declined roughly 3% from the prior year but rose 5% from the preceding quarter. Adjusted EBIT was $358 million and margin was 25.5%, both record performances for a first-quarter release. Read full article here: http://www.zacks.com/stock/news/213771/celanese-ce-tops-q1-earnings-and-sales-raises-outlook
Reported after close today (10/17/16) Earnings: EPS $1.67 Revenue $1.32B Estimates: EPS $1.61 Revenue $1.38B Up 3.81% after hours
