Question-and-Answer Session
[Operator Instructions].
Marc Oberle - Investor Relations
As we begin the queuing process, I'll remind you if we could limit folks to one question and a follow up in the first go around and if we have time, be happy to put you back in the queue and make sure that we get as many questions as we answered... can get answered in the time that we have today.
Operator
And the first question comes from the line of David Begleiter of Deutsche Bank. Please proceed.
David Begleiter - Deutsche Bank
Thank you. Good morning.
David N. Weidman - Chairman and Chief Executive Officer
Hi, Dave.
David Begleiter - Deutsche Bank
Hi, David. If you could just go look at the Q4 guidance, I think it points around $.043. Can you do a water fall [ph] from what you earned in Q3 of $0.75, how you get the $0.43, either by segment or by a business line, what the differences are?
David N. Weidman - Chairman and Chief Executive Officer
Yes. Happy to do it; let me start first with our Consumer Specialties business, this is a business acetate fiber going in to tobacco filtration and high performance food sweeteners, very stable business, economically stable not a lot of seasonality in the business.
Our Advance Engineered Materials business has a little bit of fourth quarter seasonality to it. But as we look at that that's seen less impact than our acetyl intermediate business which I'll get to, principally because it has North American and European exposure and we saw most of the impact in the third quarter.
Our Industrial Specialties business that's been in trough like conditions, for the last, I don't know, two years let's say. We've gone through our restructuring program and also the program with new technology having a good impact and I would see rolling into fourth quarter from third quarter sequentially, a little bit of seasonality with that, but relatively stable.
Our acetyl intermediate business is where there is a sharp volume pull back. And it's isolated largely to Asia and principally to China. Dave, we saw a third quarter volume and demand for most of our products primarily acetic acid holding up well.
Prices were strong, demand was strong and had some good demand, good price stability, frankly out through the end of September. And then as the Chinese came back from vacation in early October, demand just dropped sharply is the word that we use.
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