Vale Q3 EPS $0.66 Beats $0.62 Estimate, Sales $10.62B Miss $11.07B Estimate
Portfolio Pulse from Benzinga Newsdesk
Vale reported Q3 earnings of $0.66 per share, beating the analyst consensus estimate of $0.62 by 6.45%. However, this is a 32.65% decrease from the same period last year. The company's quarterly sales of $10.62 billion missed the analyst consensus estimate of $11.07 billion by 4.04%, but it's a 6.99% increase from the same period last year.
October 27, 2023 | 7:11 am
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NEUTRAL IMPACT
Vale's Q3 earnings beat estimates but are down from last year. Sales missed estimates but are up from last year.
Vale's earnings beat estimates, which is positive for the stock. However, the decrease in earnings compared to last year and the missed sales estimates could negatively impact the stock. The net effect could be neutral in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100