Tenaris Q2 EPS $1.90 Beats $1.61 Estimate, Sales $4.08B Beat $3.80B Estimate
Portfolio Pulse from Benzinga Newsdesk
Tenaris (NYSE:TS) reported Q2 earnings of $1.90 per share, beating the analyst consensus estimate of $1.61 by 18.01%. This is a 75.93% increase from the same period last year. The company also reported quarterly sales of $4.08 billion, beating the analyst consensus estimate of $3.80 billion by 7.24%, a 45.54% increase from the same period last year.
August 04, 2023 | 12:29 pm
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POSITIVE IMPACT
Tenaris reported Q2 earnings and sales that beat estimates, with significant YoY increases. This could positively impact the company's stock in the short term.
Tenaris reported higher than expected earnings and sales for Q2, with significant increases from the same period last year. This positive financial performance could increase investor confidence and demand for the stock, potentially driving its price up in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100