Ternium Q2 Sales $4.51B Miss $4.57B Estimate
Portfolio Pulse from Benzinga Newsdesk
Ternium (NYSE:TX) reported Q2 sales of $4.51 billion, missing the analyst consensus estimate of $4.57 billion by 1.32%. Despite the miss, sales increased by 16.61% compared to the same period last year.
July 30, 2024 | 8:24 pm
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Ternium (NYSE:TX) reported Q2 sales of $4.51 billion, missing the analyst consensus estimate of $4.57 billion by 1.32%. Despite the miss, sales increased by 16.61% compared to the same period last year.
The slight miss in sales estimates by 1.32% may cause a neutral to slightly negative short-term reaction in the stock price. However, the significant year-over-year sales growth of 16.61% could mitigate negative sentiment.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100