Stock Track | Cemex Shares Plunge on Disappointing Q3 Earnings

Stock Track

2024/10/28

Shares of Cemex SAB de CV (NYSE: CX) plunged more than 5% in pre-market trading on Sunday, after the Mexican cement company reported weaker-than-expected results for the third quarter of 2024.

Cemex's Q3 earnings per share came in at $0.14, missing analysts' estimates of $0.19 by a significant margin of 26.32%. The company's quarterly sales of $4.090 billion also fell short of the consensus estimate of $4.305 billion by 4.99%, representing an 8.77% decline compared to the same period last year.

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