Tenaris Q2 Sales $3.32B Inline
Portfolio Pulse from Benzinga Newsdesk
Tenaris (NYSE:TS) reported Q2 sales of $3.32 billion, meeting analyst expectations but marking an 18.53% decrease from the same period last year.
July 31, 2024 | 8:30 pm
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Tenaris reported Q2 sales of $3.32 billion, in line with analyst expectations but down 18.53% year-over-year.
While Tenaris met analyst expectations for Q2 sales, the significant year-over-year decline of 18.53% may raise concerns about the company's growth trajectory. This mixed result is likely to keep the stock price stable in the short term.
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