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April 22, 2021, 4:51 p.m. EDT

Celanese stock gains after company's Q1 pricing boost

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By Claudia Assis

CE

Shares of Celanese Corp. /zigman2/quotes/205151277/composite CE -0.28% rose 2% in the extended session Thursday after the chemical and specialty materials company reported first-quarter results that topped Wall Street views. Celanese earned $323 million, or $2.82 a share, compared with $220 million a year ago. Adjusted for one-time items, the company earned $3.46 a share. Sales rose to $1.8 billion, from $1.5 billion a year ago, as pricing rose 15%, "more than offsetting" volume declining 3%, the company said. Analysts polled by FactSet expected adjusted earnings of $2.98 a share on sales of $1.7 billion. The stock ended the regular trading day down 2.9%.

/zigman2/quotes/205151277/composite
US : U.S.: NYSE
$ 168.56
-0.47 -0.28%
Volume: 293,313
May 18, 2021 2:12p
P/E Ratio
9.39
Dividend Yield
1.61%
Market Cap
$19.04 billion
Rev. per Employee
$738,443
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