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UPDATE: Cemex Reports Narrower Third-Quarter Loss

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CEMEX (CX): Strong Industry, Solid Earnings Estimate Revisions (Zacks)

Mexico's Cemex (NYSE: CX) posted a narrower loss in the third quarter.

Cemex posted a quarterly loss of $203 million, versus a year-ago loss of $730 million, in the year-ago quarter. However, analysts were expecting a net loss of $16 million.

Its quarterly consolidated net sales climbed 2% to $3.9 billion, while earnings before interest, taxes, depreciation and amortization gained 9% to $730 million.

Cemex shares gained 0.23% to $8.85 in pre-market trading.

Posted-In: lossEarnings News


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