Cemex Q3 EPS $0.09 Vs. $0.18 YoY, Sales $4.57B Beat $4.49B Estimate
Portfolio Pulse from Benzinga Newsdesk
Cemex reported Q3 earnings of $0.09 per share, missing the analyst consensus estimate of $0.23 by 60.87 percent, a 50 percent decrease YoY. However, the company reported quarterly sales of $4.57 billion, beating the analyst consensus estimate of $4.49 billion by 1.80 percent, a 15.55 percent increase YoY.
October 26, 2023 | 10:11 am
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Cemex's Q3 earnings per share fell 50% YoY, missing estimates. However, sales rose 15.55% YoY, beating estimates.
Cemex's earnings per share fell significantly, missing analyst estimates, which could negatively impact investor sentiment and the stock price. However, the company's sales beat estimates, which could offset some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100