Cemex SAB de CV (CX) shares experienced a significant surge of 6.90% during Tuesday's trading session, following the release of the company's impressive third-quarter earnings report. The Mexican cement giant's performance exceeded analyst expectations, particularly in terms of sales figures.

Cemex reported Q3 sales of $4.25 billion, surpassing the $4.23 billion forecast by analysts. The company's quarterly adjusted earnings came in at 18 cents per share, meeting Wall Street expectations and marking a substantial improvement from the 10 cents per share reported in the same quarter last year. This robust financial performance demonstrates Cemex's resilience in navigating challenging economic conditions.

Investors appear to be encouraged by Cemex's ability to generate higher-than-anticipated sales in the current market environment. The positive market reaction suggests confidence in the company's positioning to benefit from potential infrastructure spending initiatives in key markets. With Cemex shares having gained 66.0% year-to-date, the market seems optimistic about the company's future prospects in the construction materials sector.