Cemex Q2 2024 GAAP EPS $0.17 Misses $0.24 Estimate, Sales $4.494B Miss $4.631B Estimate
Portfolio Pulse from Benzinga Newsdesk
Cemex (NYSE:CX) reported Q2 2024 earnings of $0.17 per share, missing the analyst consensus estimate of $0.24 by 29.17%. The company also reported quarterly sales of $4.494 billion, missing the estimate of $4.631 billion by 2.96%. This represents a 1.58% decrease from the same period last year.
July 25, 2024 | 10:24 am
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Cemex reported Q2 2024 earnings of $0.17 per share, missing the analyst consensus estimate of $0.24 by 29.17%. The company also reported quarterly sales of $4.494 billion, missing the estimate of $4.631 billion by 2.96%. This represents a 1.58% decrease from the same period last year.
Cemex's earnings and sales both missed analyst estimates, which is likely to negatively impact the stock price in the short term. The significant miss in EPS and the slight decline in sales compared to the previous year indicate potential challenges for the company.
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