Celanese (CE) Lags Q2 Earnings and Revenue Estimates

Celanese (CE) came out with quarterly earnings of $2.38 per share, missing the Zacks Consensus Estimate of$ 2.80 per share. This compares to earnings of $2.17 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of -15%. A quarter ago, it was expected that this chemical company would post earnings of$ 1.91 per share when it actually produced earnings of $2.08, delivering a surprise of 8.90%. Over the last four quarters, the company ha ...