Bronstein, Gewirtz & Grossman, LLC introduces an investigation of the allegations against the Celanese Corporation (CE) and encourages shareholders to turn

New York City, NY / Access Newswire / February 25, 2025 / Bronstein, Gewirtz & Grossman, LLC examines potential claims in the name of the buyers of the Celanese Corporation (“Celanese” or “The Company”) (NYSE: CE). Investors who have bought Celanese securities are encouraged to obtain additional information and support the examination by visiting the company's website: bgandg..com/ce.

Investigative details

On November 4, 2024, Celanese spent a press release in which the financial results for the third quarter of 2024 were reported. In the third quarter, Celanese reported a profit for a one -off position of $ 2.44 per share compared to a consensus estimate of $ 2.84 per share. Celanese also achieved sales of $ 2.65 billion, which corresponds to a decline of 2.6% compared to the previous year and decreased of the consensus estimates of $ 2.69 billion. In the press release, Celanes Chief Executive Officer explained this “[i]In the third quarter we were confronted with a severely restricted demand environment, which in some cases was quickly deteriorated and the investors “warned”, “[w]We expect the demand conditions to deteriorate in the fourth quarter, since automotive and industrial segments react to the latest dynamics by drawing seasonally as normal as a normal level. “In these messages, Celanese's share price fell by $ 32.50 per share or 26.32%to $ 91.00. Per share on November 5, 2024. Then Celanese issued a press release on February 18, 2025 and the full year 2024. Among other things, Celanese reported “the full year 2024 US -GAAP -divided loss per share of $ 13.86 and adjusted result per share of 8.37 “and” net sales of USD 10.3 billion a year In 2024, a decline of 6 percent compared to the previous year consisted of a 4 percent drop in price and a decline in volume by 1 percent, with a small currency effect.[p]Firstly, weak global demand in a critical end market[.]”In these messages, Celanese's share price fell by $ 15.00 per share or 21.46%by $ 54.91 per share on February 19, 2025.

What's next?

If you find out about facts regarding this investigation or have bought Celanese value papers, you can support this examination by visiting the company's website: bgandg..com/ce. You can also contact Peretz Bronstein or his customer relationship manager Nathan Miller from Bronstein, Gewirtz & Grossman, LLC: 332-239-2660

There are no costs for you

We represent investors in collective lawsuits on a eventual fee. This means that we will ask the court to refund ourselves for expenses and legal fees, usually a percentage of the entire recovery, only if we are successful.

Why Bronstein, Gewirtz & Grossman

Bronstein, Gewirtz & Grossman, LLC is a nationally recognized company that represents investors in collecting lawsuits for securities fraud and shareholder derivative lawsuits. Our company has recovered hundreds of million dollars for investors nationwide.

Follow us to updates to updates too LinkedInPresent XPresent Facebookor Instagram.

Lawyer advertising. Earlier results do not guarantee similar results.

contact

Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Nathan Miller
332-239-2660 | info@bgandg.com

SOURCE: Bronstein, Gewirtz & Grossman, LLC

See the original press release on Access Newswire