Edition:
United Kingdom

Tenaris Reports Qtrly Earnings Per ADS Of $0.40


Thursday, 26 Apr 2018 

April 26 (Reuters) - Tenaris SA ::ANNOUNCES 2018 FIRST QUARTER RESULTS.QTRLY EARNINGS PER ADS $0.40.QTRLY NET SALES $1866 MILLION VERSUS $1154 MILLION.IN COMING QUARTERS, EXPECT SHIPMENTS TO BE LOWER THAN Q1 BUT SALES AND MARGINS SHOULD BENEFIT FROM PRICE INCREASES.FULL EXTENT OF US SECTION 232 TARIFFS ON STEEL IMPORTS IS STILL UNCLEAR.AS FAR AS IMPORTS OF STEEL PIPES ARE REDUCED BY QUOTAS OF 25% TARIFF, EXPECTS TO BE WELL PLACED TO INCREASE PRODUCTION AT US DOMESTIC FACILITIES. 

Company Quote

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26 Jun 2019