Celanese's Q3 Earnings and Revenues Miss Estimates, Decline Y/Y

Celanese Corporation (CE) reported third-quarter 2024 earnings from continuing operations of $1.08 per share, down from $8.70 in the prior-year quarter. Adjusted earnings in the third quarter were $2.44 per share, down 2.4% from $2.50 reported a year ago. The bottom line missed the Zacks Consensus Estimate of $2.84.Revenues of $2,648 million decreased roughly 2.7% year over year. Revenues missed the Zacks Consensus Estimate of $2,685 million.Celanese experienced sustained demand weakness in major end-market ...