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Holcim Posts Upbeat Q3 Profit

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Holcim (OTC: HCMLY) reported upbeat third-quarter earnings.

Holcim's quarterly net income surged to 469 million Swiss francs ($515 million), versus a year-ago profit of CHF392 million. However, analysts were expecting a profit of CHF428 million.

Its revenue declined to CHF5.29 billion from CHF5.74 billion, versus analysts' estimates of CHF5.47 billion.

Holcim shares closed at $14.95 yesterday.

 

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Posted-In: profitEarnings News