Luxembourg-based Tenaris SA (TS) said Wednesday third-quarter net income to shareholders was US$436.4 million, or US$0.37 per share, compared to US$325.0 million, or US$0.28 per share in the comparable quarter last year. On a per American depositary share, or ADS, basis, earnings went up to US$0.74 from US$0.55.
On average, twelve analysts polled by Thomson Reuters estimated earnings of US$0.71 per ADS. Analysts' estimates usually exclude special items.
Net sales for the quarter were US$2.66 billion, up 7 percent from US$2.49 billion in the comparable quarter last year, while twelve analysts polled by Thomson Reuters estimated revenues of US$2.71 billion.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.