Investigation Launched by Pomerantz Law Firm into Celanese Corporation Claims
Pomerantz Law Firm Investigates Celanese Corporation Claims
Pomerantz LLP, renowned for its litigation expertise, is currently probing claims made by investors of Celanese Corporation (NYSE: CE). Investors who believe they may have been impacted are encouraged to reach out to attorney Danielle Peyton at the provided contact details.
The investigation's focus is on whether Celanese and its officers or directors engaged in any form of securities fraud or unlawful business practices. This comes in light of recent earnings reports and market reactions that have significantly affected the company's stock price.
Recent Financial Struggles of Celanese Corporation
In its press release dated November 4, 2024, Celanese disclosed disappointing third-quarter results, announcing earnings adjusted for one-time events at $2.44 per share. This figure fell short of the consensus estimate of $2.84 per share, while the company reported revenues of $2.65 billion. The decline, amounting to 2.6% year-over-year, failed to meet anticipated expectations of $2.69 billion. CEO announced a struggle with a