04:55 PM EDT, 08/01/2024 (MT Newswires) -- Celanese (CE) reported Q2 adjusted earnings late Thursday of $2.38 per diluted share, up from $2.17 a year earlier.

Analysts polled by Capital IQ expected $2.74.

Net sales in the quarter ended June 30 fell to $2.65 billion from $2.8 billion a year earlier.

Analysts surveyed by Capital IQ expected $2.75 billion.

The company expects Q3 adjusted earnings of $2.75 to $3 a share. Analysts polled by Capital IQ expect $3.21.

The company expects 2024 adjusted earnings of $10.25 to $10.75 a share. Analysts surveyed by Capital IQ expect $11.13.

Shares of the company fell 5.4% in after-hours trading.

Price: 130.15, Change: -7.40, Percent Change: -5.38