Why Cemex (CX) Stock Is Up Today

NEW YORK (TheStreet) -- Cemex (CX) was gaining 2.2% to $13.17 Friday after reporting its first quarterly profit since 2009.

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.

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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 ChartCX data by YCharts

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Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

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