UPDATE 1-Mexico's Cemex posts wider-than-expected quarterly loss
MEXICO CITY, Oct 24 (Reuters) - Mexico's Cemex, one of the world's biggest cement companies, reported a wider-than-expected quarterly loss on Thursday as taxes and financial expenses increased.
The Monterrey-based company posted a third-quarter loss of $155 million, compared with analysts' average forecast of a loss of $22 million, according to a Reuters survey.
Cemex lost $203 million in the year-earlier third quarter.
Net sales rose 3 percent to $4.02 billion, while analysts expected $4.05 billion.
Operating core profit, or earnings before interest, taxes, depreciation and amortization, rose 2 percent to $747 million from $735 million a year earlier.