Celanese Shares Rise After Earnings Top Street View

By Wallace Witkowski Markets MarketWatch Pulse

Celanese Corp. shares advanced in the extended session Monday after the specialty materials company topped Wall Street earnings estimates. Celanses shares rose 3.2% to $65.58 after hours. The company reported adjusted third-quarter earnings of $1.67 a share on revenue of $1.32 billion. Analysts surveyed by FactSet had estimated earnings of $1.60 a share on revenue of $1.38 billion. Separately, Celanese said it will acquire Forli, Italy-based plastics company Softer Group for an unspecified price.

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