Rio Tinto H1 EPS $3.52 Down From $5.33 YoY, Sales $26.67B Down From $29.77B YoY
Portfolio Pulse from Benzinga Newsdesk
Rio Tinto (NYSE:RIO) reported a decrease in its H1 earnings per share (EPS) from $5.33 last year to $3.52 this year, a drop of 33.96%. Sales also decreased by 10.43% from $29.77 billion to $26.67 billion.
July 26, 2023 | 7:13 am
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Rio Tinto's H1 earnings and sales have decreased significantly compared to the same period last year.
The significant decrease in both earnings and sales for Rio Tinto indicates a negative performance for the company. This could potentially lead to a decrease in the company's stock price in the short term.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100