Celanese Non-GAAP EPS of $4.99 beats by $0.43, revenue of $2.49B beats by $100M

Jul. 28, 2022 4:57 PM ETCelanese Corporation (CE)By: Shweta Agarwal, SA News Editor
  • Celanese press release (NYSE:CE): Q2 Non-GAAP EPS of $4.99 beats by $0.43.
  • Revenue of $2.49B (+13.2% Y/Y) beats by $100M.
  • Q3 Guidance: "In the third quarter, we expect adjusted earnings of $4.00 to $4.50 per share (vs. consensus of $4), with performance at the bottom end of the range reflective of the potential for additional modest demand softening as we progress through the quarter," said CEO Lori Ryerkerk. He added "Short of a sharp deterioration in demand, which we do not currently foresee, we expect to deliver 2022 adjusted earnings per share approximately in line with our 2021 adjusted earnings per share performance."

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