Celanese Corporation reported disappointing third-quarter earnings, with an adjusted earnings per share (EPS) of $2.44, falling short of the estimated $2.85. The company's net sales for the quarter were $2.65 billion, below the expected $2.71 billion. In response to the earnings miss, Celanese announced a significant dividend cut of 95%. The company also projected an adjusted EPS of approximately $1.25 for the fourth quarter, which is considerably lower than the consensus estimate of $2.94. The announcement has led to a notable decline in Celanese's stock, which was down 19.3% in pre-market trading following the news.