Market Overview

UPDATE: Cemex Reports Narrower Third-Quarter Loss

Related CX
Kroger, Valeant, Walmart: 'Fast Money' Picks For January 3
Benzinga's Top Upgrades, Downgrades For October 23, 2017

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)

View Comments and Join the Discussion!