Tenaris SA (TS) Posts Q3 Loss of $0.60 per ADS

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Go back to Tenaris SA (TS) Posts Q3 Loss of $0.60 per ADS

Tenaris Announces 2015 Third Quarter Results

November 4, 2015 4:34 PM EST

LUXEMBOURG -- (Marketwired) -- 11/04/15 -- Tenaris S.A. (NYSE: TS) (BAE: TS) (BMV: TS) (MILAN: TEN) ("Tenaris") today announced its results for the quarter and nine months ended September 30, 2015 with comparison to its results for the quarter and nine months ended September 30, 2014.

Summary of 2015 Third Quarter Results (Comparison with second quarter of 2015 and third quarter of 2014) Q3 2015 Q2 2015 Q3 2014* ------- --------------- --------------- Net sales ($ million) 1,559 1,868 (17%) 2,421 (36%) Operating (loss) income ($ million) (319) 111 (388%) 434 (174%) Net (loss) income ($ million) (356) 72 (592%) 87 (509%) Shareholders' net (loss) income ($ million) (355) 66 (635%) 81 (537%) (Loss) earnings per ADS ($) (0.60) 0.11 (635%) 0.14 (537%) (Loss) earnings per share ($) (0.30) 0.06 (635%) 0.07 (537%) EBITDA** ($ million)... More