Tenaris SA (TS) Tops Q4 EPS by 3c
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Tenaris Announces 2016 Fourth Quarter and Annual Results
February 22, 2017 4:25 PM ESTLUXEMBOURG -- (Marketwired) -- 02/22/17 -- Tenaris S.A. (NYSE: TS) (BAE: TS) (BMV: TS) (MILAN: TEN) ("Tenaris") today announced its results for the fourth quarter and year ended December 31, 2016 with comparison to its results for the fourth quarter and year ended December 31, 2015.
Summary of 2016 Fourth Quarter Results
(Comparison with third quarter of 2016 and fourth quarter of 2015)
Q4 2016 Q3 2016 Q4 2015 Net sales ($ million) 1,046 987 6% 1,373 (24%) Operating income (loss) ($ million) 6 (33) 118% 16 (63%) Net income (loss) ($ million) 24 15 58% (45) 154% Shareholders' net income (loss) ($ million) 34 17 104% (47) 172% Earnings (losses) per ADS ($) 0.06 0.03 104% (0.08) 172% Earnings (losses) per share ($) 0.03 0.01 104% (0.04) 172% EBITDA* ($ million)... More
