Cemex Q3 2024 GAAP EPS $0.14 Misses $0.19 Estimate, Sales $4.090B Miss $4.305B Estimate
Portfolio Pulse from Benzinga Newsdesk
Cemex reported Q3 2024 earnings per share of $0.14, missing the analyst estimate of $0.19. Sales were $4.090 billion, below the expected $4.305 billion, and down 8.77% from the previous year.
October 28, 2024 | 10:43 am
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NEGATIVE IMPACT
Cemex's Q3 2024 earnings and sales both missed analyst estimates, with EPS at $0.14 versus $0.19 expected and sales at $4.090 billion versus $4.305 billion expected. This represents a significant earnings miss and a year-over-year sales decline.
Cemex's earnings and sales both missed analyst expectations, which is likely to negatively impact the stock price in the short term. The significant miss in EPS and the year-over-year decline in sales suggest potential challenges for the company, leading to a negative market reaction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100