Celanese Corp. Q3 adjusted earnings Beat Estimates

(RTTNews) - Celanese Corp. (CE) announced earnings for its third quarter that advanced from last year.

The company's earnings came in at $506 million, or $4.56 per share. This compares with $207 million, or $1.75 per share, in last year's third quarter.

Excluding items, Celanese Corp. reported adjusted earnings of $535 million or $4.82 per share for the period.

Analysts had expected the company to earn $4.74 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 61.0% to $2.27 billion from $1.41 billion last year.

Celanese Corp. earnings at a glance:

-Earnings (Q3): $535 Mln. vs. $231 Mln. last year. -EPS (Q3): $4.82 vs. $1.95 last year. -Analysts Estimate: $4.74 -Revenue (Q3): $2.27 Bln vs. $1.41 Bln last year.

-Guidance: Next quarter EPS guidance: $5.00