Cemex Earlier Announced Q4 2023 GAAP EPADS $(0.30), Sales $4.24B Miss $4.32B Estimate
Portfolio Pulse from Benzinga Newsdesk
Cemex (NYSE:CX) reported a Q4 2023 GAAP EPS of $(0.30) and sales of $4.24B, missing the analyst consensus estimate of $4.32B by 1.75%. Despite the miss, sales increased by 9.67% compared to the same period last year.
February 08, 2024 | 3:19 pm
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Cemex reported a Q4 2023 GAAP EPS of $(0.30) and sales of $4.24B, missing estimates but showing a 9.67% YOY sales increase.
The reported earnings miss and negative EPS are likely to negatively impact investor sentiment in the short term, despite the year-over-year sales growth. The miss on analyst expectations can lead to a decrease in stock price as investors adjust their valuations.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100