Reports Q4 revenue $3.00B, consensus $2.96B. The company states: “In the fourth quarter, our sales to Rig Direct(R) customers in the United States and Canada continued to show resilience as did our Tubes sales in other regions, and, in Argentina we resumed our fracking and coiled tubing services. Our margins held up well, despite reflecting the full impact of the 50% Section 232 tariffs, as we brought our Koppel steel shop back on line following a transformer outage and we had an efficient industrial performance.”
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TS:
- Tenaris Advances Second Tranche of USD1.2 Billion Share Buyback With February Purchases
- TS Upcoming Earnings Report: What to Expect?
- Tenaris upgraded to Outperform from Neutral at Oddo BHF
- Tenaris: Undervalued Cash Returns Leader Amid Normalizing Pricing and Growing US Volumes – Buy Rating Reiterated with €20 Target
- Tenaris price target raised to $38 from $36 at Morgan Stanley