Celanese slumps on lower-than-expected quarterly profit forecast

Celanese

11/08/2025 22:06

** Shares of chemical maker Celanese Corp CE.N fall 13.54% to $40.69 in after-market trading

** Company forecast third-quarter profit below Wall Street estimates due to challenges in the environment across most key end-markets in the second half of the year.

** CE expects Q3 earnings per share to be between $1.10 and$1.40, below analysts' average estimate of $1.73 per share - according to data compiled by LSEG

** Company reports adj. EPS of $1.44 per share, vs analysts' average estimate of $1.40 per share, for the second quarter

** "We are also pleased that the deliberate actions we took drove earnings results for us this quarter ... However, the demand environment does not seem to be improving" - CEO Scott Richardson

** As of session's close, stock down 31.5% YTD

(Reporting by Pranav Mathur in Bengaluru)

((Pranav.Mathur@thomsonreuters.com;))