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Cemex Q2 2010 results: $306 million loss

Posted By Tina Grady Barbaccia On July 27, 2010 @ 11:30 am In Aggbeat Online | No Comments

Cemex [1]posted a second-quarter net loss of $306 million on July 27, worse than analysts’ expectations, as the world’s No. 3 cement maker struggled with weak sales in the United States and Europe, Reuters reported [2].

The report noted that seven analysts polled by the new organization had forecast a profit of $84 million for the quarter. Cemex reported a profit of $186.5 million in the April to June period last year.

Cemex said second-quarter revenue fell 3 percent from a year earlier to $3.8 billion. Earnings before interest, taxes, depreciation and amortization fell 13 percent to $664 million.


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URLs in this post:

[1] Cemex : http://www.cemex.com

[2] Reuters reported: http://www.reuters.com/article/idUSN2725779420100727

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