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Basic Materials | Chemicals - Major Diversified | USA
Celanese (CE) Beats Q2 Earnings Estimates

Celanese (CE) came out with quarterly earnings of $2.38 per share, beating the Zacks Consensus Estimate of $2.36 per share. This compares to earnings of $2.90 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of 0.85%. A quarter ago, it was expected that this chemical company would post earnings of $2.49 per share when it actually produced earnings of $2.62, delivering a surprise of 5.22%.

Over the last four quarters, the company has surpassed consensus EPS estimates three times.

Celanese, which belongs to the Zacks Chemical - Specialty industry, posted revenues of $1.59 billion for the quarter ended June 2019, missing the Zacks Consensus Estimate by 2.01%. This compares to year-ago revenues of $1.84 billion.


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https://finance.yahoo.com/news/celanese-...09222.html

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