Tenaris SA ADR
TS: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|.cJ@$@fs | LOCK|%w^Wj | LOCK|g?g@#gX |
Tenaris Earnings: Despite Solid Quarter, We Lower Our FVE Due to Continued Oil Price Headwinds
Tenaris' revenue decreased 7% year over year to $3.1 billion from $3.3 billion. Even so, higher average selling prices in the tubes segment caused sales to rise 6% sequentially, though a 1% decrease in volume slightly offset this benefit. Tenaris' cost of sales have risen 5% since last quarter.
