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
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
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