Shares of Cemex SAB de CV (CX) soared 6.90% in Tuesday's trading session, following the release of the company's third-quarter earnings report that showcased better-than-expected sales figures. The Mexican cement giant's robust performance amid challenging economic conditions has sparked investor optimism, pushing the stock to new heights.

Cemex reported Q3 sales of $4.25 billion, surpassing the $4.23 billion forecast by analysts. This top-line beat appears to be the primary driver of the stock's upward movement. The company's earnings per share came in at $0.18, meeting analyst expectations. Investors seem particularly encouraged by Cemex's ability to generate higher-than-anticipated sales in the current economic environment, which faces headwinds from higher interest rates.

The positive market reaction suggests that traders are betting on Cemex's resilience and its potential to benefit from infrastructure spending initiatives in key markets. With the stock having gained 66.0% year-to-date prior to this earnings release, today's surge further cements investor confidence in Cemex's business model and future prospects. As global construction activity navigates through uncertain times, Cemex's strong sales performance indicates its ability to maintain demand for its cement and building materials products.