Ternium S.A. (TX: Quote) posted first quarter profit attributable to equity holders of $159.6 million versus $204.7 million last year. Earnings per ADS rose to $0.81 from $0.53 in the same quarter a year ago.
On average, five analysts polled by Thomson Reuters expected the company to report earnings of $0.88 per share. Analysts' estimates typically exclude special items.
Net sales were up year-over-year to $2.18 billion. Analysts estimated revenues of $2.21 billion.
Ternium expects slightly higher operating income in the second quarter relative to its operating income in the first quarter 2012, mainly due to an increase in shipments, reflecting a gradual recovery of economic activity in the Americas, particularly in North America.
Click here to receive FREE breaking news email alerts for Ternium SA and others in your portfolio
by RTT Staff Writer
For comments and feedback: email@example.com