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Markets :: Basic Chemicals :: Petrochemicals :: Acetic acid

Celanese Cuts 2011 Earnings Outlook on Weak European Demand

7:13 AM MST | January 18, 2012 | Robert Westervelt

Celanese cut its full-year 2011 adjusted earnings outlook to $4.45/share, 15 cts-25 cts below its previous estimates, citing weak European demand for acetyl intermediates. Celanese's updated estimate implies fourth-quarter adjusted earnings of 56 cts/share, about 31% below the average analyst estimate as reported by Thomson Reuters (New York)....

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