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Add as a preferred source on GoogleCemex Q3 Earnings Top Estimate by Seven Cents as Revenue Rises 8%
Free cash flow from operations reached a third-quarter record of $723 million, up 34% year over year.
Cemex, S.A.B. de C.V. posted third-quarter earnings from continuing operations of $0.28 per ADS, beating the estimate by 7 cents as revenue rose 8% to $4.59 billion.
Revenue also exceeded its estimate by $190 million. Sales increased 8% for the quarter, while EBITDA rose 12% and EBIT gained 19%.
Free cash flow from operations reached $723 million, up 34% year over year and a record for a third quarter.
John Kim
John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.