💨 Abstract

Celanese Corporation reported a first-quarter loss of $21 million, a reversal from a profit in the same period last year. The Irving, Texas-based chemical company's earnings and revenue surpassed analysts' expectations. For the upcoming quarter, Celanese expects earnings between $1.30 and $1.50 per share. The company's shares have dropped significantly this year.

Courtesy: wtop.com

Summarized by Einstein Beta 🤖