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MarketWatch MarketPulseOct 18, 2018
Celanese shares rise on earnings beat, raised guidance
Celanese Corp. shares rose nearly 7% in the extended session after the specialty materials company reported earnings above expectations and raised guidance for the year. Celanese said it earned $402 million, or $3 a share, in the quarter, compared with $228 million, or $1.68 a share, in the year-ago period. Sales rose 13% to $1.8 billion. Analysts polled by FactSet had expected earnings of $2.68 a share on sales of $1.7 billion. The company raised expectations for 2018 adjusted earnings to between $10.90 and $11.10 a share. "We are working hard to execute on our three-year strategic plan which now rolls up at around $34 per share of cumulative adjusted earnings through 2020," Chief Executive Mark Rohr said in a statement. Celanese shares ended the regular session down 2.6%.

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Google Business NewsOct 18, 2018
Stocks Sink on Weak Industrial Earnings; Tech Skid Resumes - U.S. News & World Report

U.S. News & World Report

U.S. stocks slumped again Thursday as investors continued to sell shares of technology and internet companies, industrials, and companies that rely on consumer spending. Oct. 18, 2018, at 4:29 p.m.. More. U.S. News & World Report. Stocks Sink on Weak ...

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