Celanese (CE -1.4%) missed Q1 EPS estimates, as higher costs and weaker demand in Europe trimmed...

|About: Celanese Corporation (CE)|By:, SA News Editor

Celanese (CE -1.4%) missed Q1 EPS estimates, as higher costs and weaker demand in Europe trimmed operating profits. The specialty materials company says challenging market conditions in Europe and Asia will last longer than expected, so it will operate plants at "appropriate levels" to maximize profits while keeping a lid on discretionary spending.