Celanese Q4 Profit Tops Estimates - Quick Facts

(RTTNews) - Celanese Corp. (CE) reported a fourth-quarter net loss to company of $298 million or $2.03 per share compared to a loss of $84 million or $0.55 per share, last year. Adjusted earnings per share was $1.25, down 2 percent from prior year. Adjusted EBIT margin was 19.2 percent, a fourth quarter record and an increase of 110 basis points over the prior year.

On average, 17 analysts polled by Thomson Reuters expected the company to report profit per share of $1.24 for the quarter. Analysts' estimates typically exclude special items.

Net sales decreased to $1.33 billion from $1.56 billion, a year ago. Analysts expected revenue of $1.36 billion for the quarter.

Celanese said the company anticipates adjusted earnings per share to grow 5-10 percent in 2016 which will keep it well on track to meet 2018 targets.