Cemex Expects FY23 Operating EBITDA of Over $3.3B, Capex of $1.3B
Portfolio Pulse from Benzinga Newsdesk
Cemex, a global building materials company, has projected its FY23 Operating EBITDA to exceed $3.3 billion, with a capital expenditure (Capex) of $1.3 billion.
October 26, 2023 | 10:18 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Cemex's projected FY23 Operating EBITDA of over $3.3B and Capex of $1.3B may indicate a positive financial outlook, potentially influencing its stock price.
Cemex's projected increase in EBITDA and Capex for FY23 indicates a positive financial outlook. This could lead to increased investor confidence, potentially driving up the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100