Tenaris Q4 EPS $1.92 Beats $1.00 Estimate, Sales $3.42B Beat $3.09B Estimate
Portfolio Pulse from mahesh@benzinga.com
Tenaris (NYSE:TS) reported Q4 earnings of $1.92 per share, surpassing the $1.00 estimate, marking a 92% beat and a 40.15% increase from last year. Sales reached $3.42B, exceeding the $3.09B estimate by 10.52%, despite a 5.66% decrease from the previous year.
February 21, 2024 | 10:09 pm
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Tenaris reported a significant beat on both earnings per share and sales for Q4, with EPS at $1.92 against a $1.00 estimate and sales of $3.42B against a $3.09B estimate.
The substantial beat on both earnings per share and sales estimates for Tenaris in Q4 indicates a strong financial performance, likely leading to positive investor sentiment and a potential increase in stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100