Ternium Q3 EPS $1.38 Misses $1.56 Estimate, Sales $5.16B Beat $3.79B Estimate
Portfolio Pulse from Benzinga Newsdesk
Ternium (NYSE:TX) reported Q3 earnings of $1.38 per share, missing the analyst consensus estimate of $1.56 by 11.54%. However, the company's quarterly sales of $5.16 billion beat the estimate of $3.79 billion by 35.98%. This represents a 76.92% increase in earnings and a 25.04% increase in sales compared to the same period last year.
October 31, 2023 | 8:29 pm
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NEUTRAL IMPACT
Ternium's Q3 earnings missed estimates but sales exceeded expectations. This mixed result could lead to uncertain short-term price movements.
Ternium's earnings miss could negatively impact the stock price, but the sales beat could offset this. The net effect on the stock price is uncertain in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100