NYSE:CEChemicals
A Look at Celanese (CE) Valuation Following Stronger-Than-Expected Q2 Earnings and Upbeat Guidance
Celanese (NYSE:CE) is back on investors’ radar after its second quarter results came in stronger than anticipated, even as sales and volumes dropped off. The market’s attention was caught by Celanese’s ability to beat earnings and sales estimates amid an environment of weak demand and falling prices. Not only did the company outperform, but management kept guidance steady for free cash flow and earnings per share, signaling confidence despite acknowledging ongoing challenges in their end...