Tenaris Announces 2019 Third Quarter Results

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Tenaris SA (TS) Misses Q3 EPS by 14c, Revenues Miss

October 30, 2019 4:45 PM EDT

Tenaris SA (NYSE: TS) reported Q3 EPS of $0.18, $0.14 worse than the analyst estimate of $0.32. Revenue for the quarter came in at $1.75 billion versus the consensus estimate of $1.82 billion.

Our third quarter sales fell 8% sequentially and 7% year on year, despite gains in the Middle East and... More