Celanese Q4 Profit Tops Estimate, Sales Misses; FY Outlook Weak

(RTTNews) - Acetyl chemicals maker Celanese Corp (CE) on Thursday reported fourth-quarter net loss of $84 million or $0.55 per share compared with a profit of $654 million or $4.15 per share last year.

Excluding items, adjusted earnings for the quarter were $1.28 per share compared with $1.04 per share a year ago, driven by increased flexibility in the Acetyl Chain to respond to industry dynamics and the impact of productivity initiatives.

Revenues for the quarter were $1.56 billion compared with $1.61 billion in the prior year.

Analysts polled by Thomson Reuters estimated earnings of $1.19 per share on revenues of $1.67 billion for the quarter. Analysts' estimates typically exclude special items.

For the full year 2015, the company expects adjusted earnings of $5.00 to $5.50 per share, while analysts expect $5.51 per share.