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Mexican cement maker Cemex (CX +3.6%) trades sharply higher despite posting big Q1 misses in...

Apr. 26, 2013 2:17 PM ETCEMEX, S.A.B. de C.V. (CX) StockCXBy: Carl Surran, SA News Editor1 Comment
Mexican cement maker Cemex (CX +3.6%) trades sharply higher despite posting big Q1 misses in earnings, sales and EBITDA. Citigroup suspects a negative investor reaction was softened by optimism for improvement in H2, and Sterne Agee thinks significant weather issues in Q1 and weakness in the stock over the past few weeks have averted any potential selloff today.

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