Celanese Q3 Profit Rises; Lifts 2014 Adj. Earnings Outlook - Quick Facts

(RTTNews) - Celanese Corp. (CE) reported third-quarter earnings from continuing operations to company of $258 million or $1.66 per share, compared to $171 million or $1.07 per share, last year. Adjusted earnings was $1.61 per share, for the quarter.

On average, 16 analysts polled by Thomson Reuters expected the company to report profit per share of $1.44 for the quarter. Analysts' estimates typically exclude special items.

Net sales increased to $1.77 billion from $1.64 billion, prior year. Analysts expected revenue of $1.74 billion for the quarter.

The company now expects its 2014 adjusted earnings in the range of $5.55 to $5.65 per share. Analysts expect the company to report full year 2014 earnings per share of $5.33.