Recently, CEMEX reported fourth quarter and fiscal year 2009 results. During the quarter, Cemex reported an EPS of 28 cents compared to a loss of 96 cents in the year ago quarter. Reported EPS was much above the Zacks Consensus Estimate of loss per share of 7 cents. During full year 2009, EPS was 52 cents, up from 7 cents in 2008 and 34 cents anticipated by the Zacks Consensus.

Net sales were $3,444 million and $14,544 million in the fourth quarter and full year 2009. They were down from $4,148 million and $20,131 million respectively. The decline in sales resulted from lower volumes and prices mainly from the U.S. and Spanish operations.

The infrastructure sector, which continues to be the main driver of demand in most of its markets, is currently weak. Based on this, 3 out of 10 analysts revised their estimates in the negative direction in the last 30 days with no analysts revising in the positive direction.

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Posted by mopeng at March 9, 2010 8:34 PM