Tenaris SA (TS) Tops Q3 EPS by 5c

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Go back to Tenaris SA (TS) Tops Q3 EPS by 5c

Tenaris Announces 2016 Third Quarter Results

November 3, 2016 4:15 PM EDT

LUXEMBOURG -- (Marketwired) -- 11/03/16 -- 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, 2016 with comparison to its results for the quarter and nine months ended September 30, 2015.

Summary of 2016 Third Quarter Results

(Comparison with second quarter of 2016 and third quarter of 2015)

Q3 2016 Q2 2016 Q3 2015 Net sales ($ million) 1,049 1,121 (6%) 1,559 (33%) Operating (loss) ($ million) (14) (40) 65% (319) 96% Net income (loss) ($ million) 15 (9) 269% (356) 104% Shareholders' net income (loss) ($ million) 17 (13) 225% (355) 105% Earnings (loss) per ADS ($) 0.03 (0.02) 225% (0.60) 105% Earnings (loss) per share ($) 0.01 (0.01) 225% (0.30) 105% EBITDA* ($ million)... More