Celanese's (CE) Earnings and Revenues Miss Estimates in Q4

Celanese Corporation (CE) reported fourth-quarter 2023 earnings from continuing operations of $6.43 per share, down 8.5$7.03 reported in the prior-year quarter.Adjusted earnings in the fourth quarter were $2.24 per share, up from$1.44 reported in the prior year. It lagged the Zacks Consensus Estimate of $2.29.Revenues of$2,569 million increased roughly 9.4% year over year but missed the Zacks Consensus Estimate of $2,610.6 million.Segment HighlightsNet sales in the Engineered Materials unit were$1 ...