Ternium Q2 EPS $3.19 Beats $1.96 Estimate, Sales $3.87B Miss $3.88B Estimate
Portfolio Pulse from Benzinga Newsdesk
Ternium (NYSE:TX) reported Q2 earnings of $3.19 per share, beating the analyst consensus estimate of $1.96 by 62.76%. However, this is a 21.62% decrease from the same period last year. The company's quarterly sales of $3.87 billion missed the analyst consensus estimate of $3.88 billion by 0.23%, marking a 12.78% decrease from the same period last year.
August 04, 2023 | 10:25 am
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Ternium's Q2 earnings beat estimates but are down YoY. Sales also missed estimates and are down YoY.
Ternium's Q2 earnings beat analyst estimates, which could have a positive impact on the stock. However, the YoY decrease in earnings and sales, as well as the missed sales estimate, could have a negative impact, making the overall short-term impact neutral.
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