Shares of Cemex SAB de CV (CX) are soaring 5.24% in Tuesday's trading session following the release of the company's third-quarter earnings report. The Mexican cement giant posted results that exceeded analyst expectations on the top line, sparking investor optimism.

Cemex reported Q3 sales of $4.25 billion, surpassing the $4.23 billion forecast by analysts polled by FactSet. This slight beat on revenue appears to be the primary driver of the stock's upward movement. While earnings per share came in at $0.16, below the $0.18 expected by analysts, investors seem more focused on the company's ability to generate higher-than-anticipated sales in a challenging economic environment.

The positive market reaction suggests that investors are encouraged by Cemex's sales performance, which could indicate resilience in demand for the company's cement and building materials products. As global construction activity faces headwinds from higher interest rates, Cemex's ability to exceed sales expectations is being viewed favorably by the market. Traders appear to be betting that the company is well-positioned to navigate current market conditions and potentially benefit from infrastructure spending initiatives in its key markets.