IRVING, Texas (AP) _ Celanese Corporation (CE) on Sunday reported third-quarter earnings of $207 million.
The Irving, Texas-based company said it had profit of $1.75 per share. Earnings, adjusted for non-recurring costs and to account for discontinued operations, came to $1.95 per share.
The results surpassed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.69 per share.
The chemical company posted revenue of $1.41 billion in the period, which also beat Street forecasts. Six analysts surveyed by Zacks expected $1.36 billion.
Celanese shares have dropped slightly more than 2% since the beginning of the year. The stock has dropped nearly 3% in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CE at https://www.zacks.com/ap/CE
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