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BUZZ-Celanese falls after Q4 loss

ReutersFeb 18, 2025 11:35 PM

Specialty chemicals company Celanese CE.N falls 13.8% to $60.46 after market bell on quarterly loss

Company reported a Q4 loss of $1.9 billion, or $17.45 per share, for the three months ended December 31, compared with a profit of $701 million, or $6.43 per share, last year

Also announced shuttering of Mylar Specialty Films manufacturing operations in Luxembourg

However, Q4 adj. EPS of company beat estimates, coming in at $1.45/shr vs. est. of $1.20 per share, according to data from LSEG

Expects Q1 2025 earnings per share to be between 25 cents to 50 cents

Up to last close, shares up 1% YTD

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