Rio Tinto FY Adj. EPS $7.25 Down From $8.20 YoY, Sales $54.04B Down From $55.55B YoY
Portfolio Pulse from Benzinga Newsdesk
Rio Tinto reported a decrease in both adjusted earnings per share and sales for the fiscal year. Adjusted EPS fell to $7.25 from $8.20 YoY, and sales dropped to $54.04B from $55.55B YoY.
February 21, 2024 | 5:47 am
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NEGATIVE IMPACT
Rio Tinto's fiscal year results indicate a decline in both adjusted earnings per share and sales, with EPS decreasing by 11.59% and sales by 2.73% YoY.
The reported decrease in both adjusted EPS and sales for Rio Tinto is likely to be viewed negatively by investors, potentially leading to a short-term decrease in stock price. The significant year-over-year declines in key financial metrics highlight challenges the company may be facing, which could impact investor sentiment.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100