Cemex Q3 Earnings Beat Estimates on Higher Prices, Cost Cuts

Cemex, a Mexican cement company, reported Q3 results that beat estimates due to higher prices and cost cuts. The company's revenue rose 25% YoY to $3.8bn, while net income increased 30% to $260m. Cemex's operating income rose 31% to $700m. The company's strong performance was driven by higher prices in the US and Mexico, as well as cost-cutting measures.