"Cemex Chief Financial Officer Rodrigo Trevino said in a statement that the company had better-than-expected performances internationally, which partially offset a weaker performance in the United States due to the continued residential housing slump".
Because of the Rinker deal, the US is now by far CX's largest market. But even before the Rinker deal, the collapse of the US market negated the very nice growth CX was seeing in the rest of the world. With the Rinker deal, it's safe to say how goes the US is how goes CX. I love CX as a company because I think it has great management and has positioned itself very nicely for the future, but people who buy or hold CX need to realize that they are betting on the US demand for cement. Which in my mind means prepare to be pummeled in the short term, but enjoy long term success with CX.
One of the most important things to understand is when "something" is already priced in a stock. Hint: CX is a buy and the news you reference is already baked in the stock. This a long-term buy and hold stock. I expect to hold it for years, maybe decades.