Tenaris Q1 2024 GAAP EPS $1.27 Beats $0.95 Estimate, Sales $3.442B Beat $3.375B Estimate
Portfolio Pulse from Benzinga Newsdesk
Tenaris (NYSE:TS) reported Q1 2024 earnings of $1.27 per share, surpassing the $0.95 estimate, with sales of $3.442B also beating the $3.375B estimate. However, this represents a decrease from the previous year's earnings and sales.
April 25, 2024 | 9:39 pm
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Tenaris reported a significant beat on both earnings and sales estimates for Q1 2024, with EPS at $1.27 against a $0.95 estimate and sales of $3.442B against a $3.375B estimate.
Beating both earnings and sales estimates typically has a positive impact on a company's stock price in the short term. Investors often view such results as a sign of operational strength and market competitiveness. However, the year-over-year decrease in earnings and sales might temper some of the positive sentiment.
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