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Celanese Earnings Advance 17%

11:30 AM MDT | October 23, 2007 | CW Editorial Staff

Celanese posted third-quarter earnings of $128 million after market close on Monday, an increase of 17% over the year-ago quarter, “driven by continued strong operating performance across the company and increased earnings from affiliates,” Celanese says. Adjusted earnings for the third quarter were 73 cts/share, compared with 71 cts/share in the year-ago period. Reported adjusted earnings were 25% above analyst forecast of 57 cts/share as reported by Thomson First Call (Boston). Net sales increased 7%, to $1.57 billion. Celanese raised its full-year...

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