trending Market Intelligence /marketintelligence/en/news-insights/trending/kkEj_4nW9_1-ucthti1oMQ2 content esgSubNav
In This List

Tenaris swings to profit in Q3


Corporate and Municipal CUSIP Request Volumes Slow in August


S&P Capital IQ Pro | Powering Your Edge


MediaTalk Episode 22: Privacy Concerns Grow As Lawmakers Stall On Federal Bill


Street Talk Episode 81: Amid strong recovery, Banc of California hearing more M&A chatter

Tenaris swings to profit in Q3

Tenaris SA said its third-quarter normalized net income amounted to $70.0 million, compared with a loss of $263,130 in the prior-year period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin climbed to 5.4% from negative 0.0% in the year-earlier period.

Total revenue increased 32.1% year over year to $1.30 billion from $986.5 million, and total operating expenses increased 20.1% on an annual basis to $1.22 billion from $1.02 billion.

Reported net income grew 2,158.8% year over year to $104.9 million, or 9 cents per share, from $4.6 million, or 0 cents per share.