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Celanese (CE) reported earnings 30 days ago. What's next for the stock?
Celanese (CE) is refinancing its debt to extend the maturity of its debt and reduce its borrowing costs by 14 basis points.
Celanese (CE) misses second-quarter earnings and sales estimates due to slow demand recovery and production cuts.
The headline numbers for Celanese (CE) give insight into how the company performed in the quarter ended June 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Celanese (CE) came out with quarterly earnings of $2.17 per share, missing the Zacks Consensus Estimate of $2.46 per share. This compares to earnings of $4.99 per share a year ago.
Celanese (CE) is likely to have gained from pricing and productivity amid headwinds from weak demand and destocking in the second quarter.
While Celanese (CE) faces headwinds from weaker demand and destocking, it benefits from productivity measures, investments in organic projects and strategic acquisitions.
Celanese (CE) benefits from productivity measures, investments in organic projects and strategic acquisitions.
Celanese (CE) reported earnings 30 days ago. What's next for the stock?
Celanese (CE) gains on productivity actions, investments in high-return organic projects and synergies of acquisitions.