Celanese Q1 Adj. Profit Beats Estimate - Quick Facts

(RTTNews) - Celanese Corporation (CE) reported first-quarter net income attributable to company of $196 million or $1.25 per share, compared to $142 million or $0.89 per share in the comparable quarter last year. Earnings per share from continuing operations rose to $1.25 from $0.88, prior year.

Adjusted earnings were $1.33 million, up from $1.14 per share, for the quarter. On average, 16 analysts polled by Thomson Reuters expected the company to report profit per share of $1.21 for the quarter. Analysts' estimates typically exclude special items.

Net sales increased to $1.71 billion, from $1.61 billion, a year ago. Analysts expected revenue of $1.69 billion for the quarter.