For the second quarter Cemex reported a net income of $76 million, compared to a loss of $152 million in the year-ago quarter. Revenue grew 4.7% from the year-ago quarter to $4.3 billion.
The company reported EBITDA of $737 million, which is up from $730 million in the second quarter of 2013, but below the $768 million expected by analysts surveyed by Thomson Reuters.
Must read: Warren Buffett's 25 Favorite StocksSTOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more. TheStreet Ratings team rates CEMEX SAB DE CV as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation: "We rate CEMEX SAB DE CV (CX) a HOLD. The primary factors that have impacted our rating are mixed ? some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance and growth in earnings per share. However, as a counter to these strengths, we find that the company's profit margins have been poor overall." CX data by YCharts STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.
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