Celanese Shares Tumble as Q4 Earnings Miss Estimates

Celanese Shares Plummet After Q4 Earnings Miss Estimates

Celanese, a leading chemical company, has seen its shares take a significant hit after releasing its Q4 earnings report. The company's earnings missed estimates, causing a decline in its stock price.

Earnings Miss Estimates

Celanese's Q4 earnings report revealed that the company's earnings per share (EPS) came in at $1.93, missing the estimated $2.17. This significant miss led to a decline in the company's stock price, with shares tumbling 6.5% in after-hours trading.

Revenue Falls Short

In addition to missing earnings estimates, Celanese's revenue also fell short of expectations. The company's revenue came in at $1.83 billion, missing the estimated $1.92 billion. This decline in revenue, combined with the earnings miss, has led to a decline in the company's stock price.

Impact on Stock Price

The decline in Celanese's stock price has had a significant impact on the company's market value. The company's market capitalization has declined by over $1 billion, with shares trading at a 52-week low.

Analysts' Reactions

Analysts have reacted to the news, with some expressing surprise at the significant miss in earnings estimates. Others have noted that the decline in revenue is a concern, given the company's reliance on a few key products.

Conclusion

Celanese's Q4 earnings report has been met with disappointment, with the company's shares taking a significant hit. The decline in earnings and revenue has led to a decline in the company's stock price, with shares trading at a 52-week low.

Sources

[1] Celanese shares tumble as Q4 earnings miss estimates
[2] Celanese earnings missed by $0.24, revenue fell short of estimates