Ternium Q1 2024 Adj EPS $1.84 Beats $1.54 Estimate, Sales $4.778B Beat $4.751B Estimate
Portfolio Pulse from Benzinga Newsdesk
Ternium (NYSE:TX) reported Q1 2024 adjusted EPS of $1.84, surpassing the $1.54 estimate, with sales of $4.778B also beating the $4.751B estimate, marking a 31.88% increase from the previous year.
April 24, 2024 | 8:25 pm
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POSITIVE IMPACT
Ternium's Q1 2024 earnings exceeded expectations with an adjusted EPS of $1.84 against a $1.54 estimate and sales of $4.778B beating the $4.751B forecast.
Ternium's significant beat on both earnings per share and sales estimates, coupled with a substantial year-over-year sales increase, is likely to positively influence investor sentiment and the stock price in the short term. The earnings beat by 19.48% and the slight sales beat, along with a 31.88% increase in sales from the previous year, highlight the company's strong performance and operational efficiency, making it an attractive investment.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100