Market Overview

UPDATE: Cemex Reports Narrower Third-Quarter Loss

Related CX
Morgan Stanley Does Not See Near-Term Catalysts For Cemex SAB de CV
Market Wrap For May 13: Markets Close Again At Record Highs

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

 

Related Articles (CX)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters