Tenaris SA's stock soared 7.56% during intraday trading on Thursday, continuing its positive momentum from the pre-market session.
The surge was driven by the company's release of fourth-quarter financial results that significantly exceeded analyst expectations. Tenaris reported quarterly earnings of $0.87 per share, beating the consensus estimate of $0.40 by 115.88%. Quarterly sales also surpassed forecasts, reaching $2.995 billion compared to the estimated $2.958 billion.
The substantial earnings and sales beat, along with demonstrated operational resilience during challenging market conditions, including the impact of U.S. tariffs, fueled investor optimism and contributed to the stock's strong upward movement.