Shares of Cemex SAB de CV (CX) are soaring 5.02% in intraday trading on Thursday, following the release of the company's second-quarter earnings report. The Mexican multinational building materials company surprised investors by posting earnings that significantly exceeded analysts' expectations.

Cemex reported quarterly earnings per share of $0.22, surpassing the FactSet consensus estimate of $0.18. This represents a substantial beat of 22.2% compared to expectations. However, it's worth noting that there's some discrepancy in the reported figures, with another source stating earnings of $0.15 per share, which still beats the lower estimate of $0.02 by an impressive 650%.

Despite the strong earnings performance, Cemex's sales figures were less impressive. The company posted Q2 sales of $4.13 billion, falling short of the analyst consensus estimate of $4.25 billion by 2.97%. This also represents a decline of 8.19% compared to the same period last year when the company reported sales of $4.49 billion. Despite the mixed results, investors appear to be focusing on the positive earnings surprise, driving the stock's significant uptick.