Cemex Falls Most Since 2020 on Earnings Miss, Lower Outlook [Yahoo! Finance Canada]
Cemex, S.A.B. de C.V. Sponsored ADR (CX)
US:NYSE Investor Relations:
cemex.com/investors/overview
Company Research
Source: Yahoo! Finance Canada
reducing its outlook for the current year and posting weaker-than-expected net revenue in the third quarter. Most Read from Bloomberg Third-quarter revenue was $4.09 billion, according to a filing Monday, below the average analyst estimate. Operating Ebitda, a measure of earnings that excludes items such as interest and taxes, also missed estimates. Cemex was hurt by adverse weather in the US and its domestic market, the company said. The Monterrey, Mexico-based company also revised its Ebitda guidance, with weaker forecasts for the US and Mexico. The shares fell as much as 10% to 10.75 pesos, the most intraday since June 2020. The move brought the stock's year-to-date decline to about 18%. Cemex, which is one of the world's largest cement producers, has tried to ramp up prices across the board even as volumes dwindle in some of its largest markets. The company has also been restructuring operations to sharpen its focus on priority markets such as the US. In August, Cemex
Show less
Read more
Impact Snapshot
Event Time:
CX
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
CX alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
CX alerts
High impacting Cemex, S.A.B. de C.V. Sponsored ADR news events
Weekly update
A roundup of the hottest topics
CX
News
- Cemex Recognized at COP29 for Solar Clinker Breakthrough [Yahoo! Finance]Yahoo! Finance
- Cemex Recognized at COP29 for Solar Clinker BreakthroughBusiness Wire
- Green Cement Industry Overview 2024-2030: Industrial By-Products to Fuel Cost-Effective and Sustainable Growth [Yahoo! Finance]Yahoo! Finance
- Aggregates Market to Grow by USD 51.86 Billion (2024-2028), Driven by Construction Sector Investments, with AI Driving Market Transformation - Technavio [Yahoo! Finance]Yahoo! Finance
- CEMEX, S.A.B. de C.V. (NYSE: CX) had its price target lowered by analysts at Royal Bank of Canada from $6.50 to $6.00. They now have a "sector perform" rating on the stock.MarketBeat
CX
Sec Filings
- 11/1/24 - Form 144
- 10/28/24 - Form 6-K
- 10/15/24 - Form 6-K
- CX's page on the SEC website