Celanese Corp. reported a drop in second-quarter profit. Net earnings fell to $125 million, or $1.13 per share, from $197 million, or $1.80 per share, a year earlier. Adjusted earnings rose to $2.45 per share from $1.43 per share last year. Net sales increased to $2.75 billion from $2.53 billion, reflecting a 4% increase in volume and a 14% increase in price. For the third quarter, Celanese expects adjusted earnings of $1.35 to $1.75 per share, and it continues to expect full-year adjusted earnings of about $6.00 per share.
Celanese CorporationAdjusted earnings rose to $2.45 per share from $1.43, beating expectations, and full-year guidance maintained.
