Symbol Search
Trader Resources > Story Details

* Website headlines are delayed. For real-time breaking news in both audio and text formats try NewsStation by Trade The News. Apply today for a Free Trial »


 

[CE] Celanese Corporation

Symbol: CE
Website: click here

11/20/2008 04:31pm
Celanese Corporation Guides 2008 results below prior outlook

- Back on 10/21, the company guided FY08 EPS $3.40-$3.55.
- Continued weakening of the global economy, significant inventory destocking throughout its end-consumers’ supply chains, and the previously announced unplanned outage and related force majeure at its AT Plastics facility are impacting its fourth quarter results. Due to these factors, and increased uncertainty in global demand, the company has chosen not to provide an updated full year outlook for 2008. The company’s previous guidance issued on October 21, 2008, should no longer be relied upon.


Other headlines for [CE]


Materials sector headlines

Copyright © 2009 Trade The News. For a free 1 week interactive trial to our audio broadcasts, research on demand, and real-time headlines please apply for a Free Trial »