IRVING, Texas (AP) — IRVING, Texas (AP) — Celanese Corporation (CE) on Thursday reported a loss of $1.36 billion in its third quarter.
On a per-share basis, the Irving, Texas-based company said it had a loss of $12.39. Earnings, adjusted for non-recurring costs, were $1.34 per share.
The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.27 per share.
The chemical company posted revenue of $2.42 billion in the period, which fell short of Street forecasts. Five analysts surveyed by Zacks expected $2.46 billion.
For the current quarter ending in December, Celanese expects its per-share earnings to range from 85 cents to $1.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CE at https://www.zacks.com/ap/CE
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