Ternium Q4 2023 Adj EPS $2.11 Beats $1.01 Estimate, Sales $4.93B Beat $4.92B Estimate
Portfolio Pulse from Benzinga Newsdesk
Ternium (NYSE:TX) reported Q4 2023 adjusted EPS of $2.11, surpassing the $1.01 estimate, with sales of $4.93B also beating the $4.92B estimate. This represents a 39.06% increase in sales compared to the same period last year.
February 20, 2024 | 9:21 pm
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POSITIVE IMPACT
Ternium reported a significant beat on both EPS and sales estimates for Q4 2023, with a notable year-on-year sales growth.
Ternium's substantial beat on both earnings per share and sales estimates, coupled with a significant year-on-year sales increase, is likely to positively influence investor sentiment and the stock price in the short term. The company's performance significantly exceeded analyst expectations, which typically leads to positive market reactions.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100