Chemicals maker Celanese's dour profit forecast sends shares tumbling
Celanese's profit forecast signals significant deterioration in demand, reminiscent of prior downturns in Q3 profitability historically facing similar market conditions.
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Celanese's profit forecast signals significant deterioration in demand, reminiscent of prior downturns in Q3 profitability historically facing similar market conditions.
What happened, with direct paths to the underlying reporting
Celanese forecasts Q3 profit below estimates, citing reduced demand. Shares dropped 14.6% in after-hours trading.
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