Cemex Q1 EPS $0.17 Beats $0.12 Estimate, Sales $4.14B Miss $4.19B Estimate
Portfolio Pulse from Benzinga Newsdesk
Cemex (NYSE:CX) reported Q1 earnings of $0.17 per share, surpassing the $0.12 estimate, marking a 13.33% increase from last year. However, their $4.14B sales fell short of the $4.19B estimate, a 2.53% increase from the previous year.
April 25, 2024 | 10:12 am
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Cemex reported higher than expected Q1 earnings per share at $0.17, beating estimates by 41.67%, but missed sales estimates with $4.14B against a $4.19B forecast.
The positive earnings surprise, with a 41.67% beat on EPS estimates, is likely to positively impact investor sentiment towards CX in the short term. However, the slight miss on sales forecasts could temper some of the enthusiasm, suggesting a mixed but overall positive short-term impact on the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100