Celanese Turns To Profit In Q4 - Quick Facts

(RTTNews) - Celanese Corporation (CE) reported fourth-quarter net income attributable to company of $654 million or $4.15 per share, compared to a loss of $169 million or $1.06 per share, last year. Earnings per share from continuing operations was $4.16, compared to a loss of $1.05, prior year. Adjusted earnings from continuing operations was $164 million or $1.04 per share, for the quarter.

On average, 18 analysts polled by Thomson Reuters expected the company to report profit per share of $1.02 for the quarter. Analysts' estimates typically exclude special items.

Net sales increased to $1.62 billion, from $1.50 billion, a year ago. Analysts expected revenue of $1.57 billion for the quarter.