Engineering News

Celanese forecasts positive chemical market
Mon Dec 12, 2005 05:14 PM ET

NEW YORK, Dec 12 (Reuters) - Chemicals maker Celanese Corp. on Monday forecast profits above Wall Street estimates and said the market was "favorable" for the chemical acetyl -- one of its main products.

The Dallas-based company expects 2005 adjusted earnings per share of $2.10 to $2.20. Analysts, on average, expected $2.03, according to Reuters Estimates.

The company expects 2006 adjusted earnings per share of $2.50 to $2.90. Analysts, on average, expected, $2.28, according to Reuters Estimates.

Source: Reuters

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