Tenaris Q2 2024 Adj EPS $0.59 Misses $0.97 Estimate
Portfolio Pulse from Benzinga Newsdesk
Tenaris (NYSE:TS) reported Q2 2024 earnings of $0.59 per share, missing the analyst consensus estimate of $0.97 by 39.18%. The company reported quarterly sales of $3.32 billion, meeting the analyst consensus estimate but marking an 18.53% decrease from the same period last year.
July 31, 2024 | 8:31 pm
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Tenaris reported Q2 2024 earnings of $0.59 per share, missing the analyst estimate of $0.97 by 39.18%. Sales were $3.32 billion, meeting expectations but down 18.53% YoY.
The significant miss on EPS and the year-over-year decline in sales are likely to negatively impact investor sentiment and the stock price in the short term.
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