Celanese Q1 Revenue Beats Estimates at $2.34B, EPS Misses
CE•Celanese posted first-quarter profit of $44 million, or 40 cents per share GAAP, and 85 cents adjusted EPS on $2.34 billion revenue, beating revenue forecasts of $2.26 billion but missing earnings estimates of 88 cents. For the June quarter, the company forecasts adjusted EPS of $2.00 to $2.40.
1. Q1 Profit and Revenue Results
Celanese reported first-quarter net income of $44 million, equal to 40 cents per share on a GAAP basis, and revenue of $2.34 billion, exceeding revenue forecasts of $2.26 billion.
2. EPS Versus Estimates and Prior Year
Adjusted earnings came to 85 cents per share, missing the consensus estimate of 88 cents and rising from 57 cents in the year-ago quarter, reflecting ongoing cost pressures.
3. Fiscal Second-Quarter Guidance
Management forecasts adjusted earnings of $2.00 to $2.40 per share for the quarter ending in June, implying a significant sequential increase as volume and pricing stabilize.
