Boston, MA, 11/14/2013 (wallstreetpr) – Recently, the management of Cemex SAB de CV (ADR) (NYSE:CX) announced the third quarter earnings report. In the earnings report the company reported a mixed result so far. Though, the company experienced losses more than the expectations, but the company which is located in Mexico experienced higher sales in the United States of America. With the higher sales in the United States of America, the company has managed to get an improvement in the shares by 4% in the United States of America market. But unfortunately, the downside of the results depicted that the loss experienced by the company is much higher as compared to the expectations of various analysts.
In the last few years, the Cemex SAB de CV has been struggling a lot due to the low building operations going on around the world. As the government of Mexico lowered their spending on the infrastructure gas, Cemex SAB de CV faces huge losses. Till now, the estimated loss experienced by the company is $155 million.
Cemex SAB de CV is considered to be one of the largest global cement manufacturing company which has managed to spread its presence in almost all parts of the world. The presence of the company in almost all parts of the world has managed to increase its sales charges. Also the management of the company announced that the growth in the house building activity in the United States of America has helped in increasing the sales for the company.
Cemex SAB de CV has also experienced growth in demand in the European markets. Talking about the third quarter earnings of the company, Cemex SAB de CV has experienced 6% in the earnings in the markets of Europe. The company has also reported earnings of $1169 million which is high as compared to the earnings of the last year.
