Shares of specialty chemical maker Celanese (CE +12%) are on a tear this morning after posting a...

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

Shares of specialty chemical maker Celanese (CE +12%) are on a tear this morning after posting a solid Q1 EPS beat late yesterday. Operating profits rose 66% Y/Y to $184M, while adjusted earnings were up 44% to $1.14 as the company posted record profit out of its Advanced Engineered Materials unit. Consumer specialties also posted a solid quarter, driven by a dividend payment out of its China venture and continued strong demand in Acetate and lower energy costs related to the closing of its Spondon acetate facility.