Outperform On Celanese
We maintain our Outperform recommendation on Celanese Corporation (NYSE:CE) after it reported excellent third-quarter 2011 results. Adjusted earnings were $1.27 per share, beating the Zacks Consensus Estimate of $1.11. Quarterly revenue also grew 20% year over year to $1.81 billion, primarily driven by higher pricing across all operating segments and favorable currency impacts. The results [...]
We maintain our Outperform recommendation on Celanese Corporation (NYSE:CE) after it reported excellent third-quarter 2011 results. Adjusted earnings were $1.27 per share, beating the Zacks Consensus Estimate of $1.11.
Quarterly revenue also grew 20% year over year to $1.81 billion, primarily driven by higher pricing across all operating segments and favorable currency impacts. The results surpassed the Zacks Consensus Estimate of $1.69 billion.
Celanese is one of the world’s largest producers … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
