Celanese's (CE) Q1 Earnings Surpass Estimates, Sales Lag

Celanese Corporation (CE) reported first-quarter 2024 earnings from continuing operations of $1.10 per share, rising from 86 cents in the prior-year quarter.Adjusted earnings in the first quarter were$2.08 per share, up 3.5% from $2.01 reported a year ago. The bottom line surpassed the Zacks Consensus Estimate of$1.91.Revenues of $2,611 million decreased roughly 8.5$2,748.6 million.Segment HighlightsNet sales in the Engineered Materials unit were ...