Celanese Q1 Adjusted Earnings, Revenue Fall; Shares Rise After Hours

MT Newswires Live
06 May

Celanese (CE) reported Q1 adjusted earnings late Monday of $0.57 per diluted share, down from $2.08 a year earlier.

Analysts polled by FactSet expected $0.38.

Net sales in the three months ended March 31 fell to $2.39 billion from $2.61 billion a year earlier.

Analysts surveyed by FactSet expected $2.25 billion.

The company expects Q2 adjusted earnings of $1.30 to $1.50 per diluted share. Analysts polled by FactSet expect $1.41.

"The potential impacts of tariffs on demand make it difficult to predict earnings for the full year," the company said.

Celanese shares rose 4.1% in after-hours trading.

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