Cemex’s American depositary rec-eipts rose 2.8 percent to $3.70 at 11:40 a.m. in New York, after increasing as much as 7.8 percent earlier. The Monterrey, Mexico-based company’s stock has dropped 65 percent this year.Cemex’s net loss compared with $89.3 million, or 9 cents, a year earlier. Analysts expected a loss of 29 cents, the average of six estimates compiled by Bloomberg. The loss was caused mostly because of a $217 million foreign-exchange loss and a loss of $339 million related to equity derivatives on Cemex’s shares, the company said. The company hasn’t had a profit for eight straight quarters. Its earnings tumbled amid a U.S. construction recession after the $14.2 billion acquisition in 2007 of Rinker Group Ltd., which got more than 80 percent of sales in the U.S. Cemex struggled to meet debt payments following a global credit crunch and got a $15 billion bank loan in August 2009 to avoid default. Sales rose 5.4 percent to $3.97 billion, the fourth consecutive quarter of sales growth. The average analyst estimate was $3.94 billion. The peso’s value against the dollar declined 13 percent during the quarter, reducing the value of Cemex’s results in the U.S. currency. Sales in northern Europe rose 9.4 percent to $1.3 billion and operations in south and central America climbed 24 per.