Celanese Reports Q3 Non-GAAP EPS Beat Amid Revenue Miss
Celanese (CE) reported third-quarter financial results characterized by a beat on earnings per share but a shortfall in top-line revenue. The company posted a Non-GAAP EPS of $1.65, exceeding analyst expectations by $0.09. However, quarterly revenue reached $2.55 billion, representing a 5.4% year-over-year increase but falling $70 million short of consensus estimates. On the profitability front, Celanese delivered an operating profit of $141 million and an adjusted EBIT of $236 million. The company's operating EBITDA stood at $301 million, reflecting varying margin levels across its business segments during the quarter.
Tickers: $CE
Topics: earnings beat financial results profitability revenue miss